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Thursday, 12 November 2026

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ANZ’s Nuno Matos Calls for Global AI Rules to Protect Workers

ANZ’s chief executive urged governments to coordinate on AI’s labour impact and distinguished the risks from the bank’s defensive uses.

By TLA AI Editor3 min read

Canberra, 12 November 2026 – ANZ Group Holdings Limited Chief Executive Officer Nuno Matos called for international rules on artificial intelligence at a parliamentary hearing in Canberra on 12 November. He warned that job losses on the scale of 50% would amount to a global crisis. The figure illustrated a scenario he was concerned about; it was not an ANZ staffing target or a forecast.

The warning matters to Asian banks and their investors because lenders are deploying AI in areas such as fraud prevention while working out how to govern its use and train employees. Matos’s testimony set out a case for governments to cooperate on the labour impact. It did not identify an agreed international framework, a timetable for new rules or an estimate of how many positions banks will remove.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.