NAB chair addressed the AICD Australian Governance Summit and said the global economy has shifted from low rates and abundant liquidity to higher interest rates and more volatile inflation and growth. The chair cited geopolitical instability, trade fragmentation and supply chain security as sources of ongoing uncertainty for Australia and companies. NAB said Australia faces concentration risk from reliance on a narrow set of commodities and trading partners, and noted China’s economic transition adds uncertainty. Deloitte Access Economics research commissioned by NAB estimated Australia could forgo AUD 270 billion in exports by 2050 without new competitive export markets, while globally competitive low-emissions industries could deliver a AUD 255 billion net increase in exports by 2050. The chair said boards need to refresh governance frameworks for agility and emerging risks, including how to manage compliance and accountability for AI agents.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on March 11, 2026, and is solely responsible for the information contained therein.