ECB Governing Council member Nagel said he hopes the bank will never need to activate the Transmission Protection Instrument (TPI) and that its use is unrelated to countries' fiscal challenges.

OpenAI said on Tuesday it will allow external organizations to conduct technical safety assessments earlier in the development cycle of new AI models, including during training, evaluation and rollout. The company said reviews will be governed by strong independence mechanisms, scientific rigor, robust safety measures and clear accountability; Lama Ahmad, who oversees OpenAI’s external safety reviews, said the firm previously typically invited such groups before model release but will now extend scrutiny to higher-risk stages such as training and evaluation as risks rise.

The Reserve Bank of Australia said on Wednesday the Australian Securities Exchange (ASX) remains below its expectations in multiple key areas. The RBA found one or more ASX clearing and settlement facilities were only partially compliant with standards for governance, comprehensive risk management, credit risk and operational risk. Assistant Governor Jones said ASX must demonstrate it can successfully implement its transformation plan without compromising the safety and reliability of its critical market infrastructure.