Technology and the future of central banking at the Reserve Bank of Australia
· Michele Bullock, Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: financial stability, growth, investment and productivity, technology, ai and cyber risk
MB · Michele Bullock Wiki · Reserve Bank of Australia WikiTechnology and the future of central banking at the Reserve Bank of AustraliaContextText of the 60th Shann Memorial Lecture by Michele Bullock, Governor of the Reserve Bank of Australia, Perth, 3 September 2025.
Why it mattersThe RBA governor explains how the central bank plans to adopt new technology while managing cyber and operational risks.
Problems raised- Central banks move slower on technology.
- Digital tools bring cyber and operational risks.
- Risk frameworks must keep up.
Solutions proposed- Take a risk-informed approach to innovation.
- Update the risk management framework.
- Use granular data to spot vulnerabilities.
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