(26 February 2026 – Global) JPMorgan CEO Jamie Dimon and CBA CEO Matt Comyn have each stated this week that their banks are progressing advanced plans to address the impact of AI on its staff.
Matt Comyn says the individual take-up of AI will be critical for Australia to maintain its competitiveness, as the country’s largest bank unveiled a plan to train staff as it tries to manage growing angst related to technology-related job cuts. Over 5000 employees, or ten percent of its workforce, moved into a new job within CBA in the past year with this figure anticipated to rise quickly.
“I expect everyone’s individual productivity is going to increase over the course of this year, and each future year. Australia has to get really good at adopting this technology – and whatever else follows it – because we will not maintain global competitiveness if we don’t” Comyn said.
JPMorgan’s executives, wielding the industry’s largest annual tech budget of US$20 billion, outlined an ambitious agenda to become “fundamentally rewired” for the AI era.
“We already have huge redeployment plans for [our] own people. In fact, we spoke about it today, and we have to up that a little bit so we can take people who are displaced, and we have displaced people from AI, and we offer them other jobs. Would you do it if you put two million people on the street? That next job is US$25,000 a year, stocking shelves” Dimon commented.
The US Department of the Treasury has also released two AI risk management tools on to help financial institutions safely adopt the technology, the start of a broader rollout of six such resources for the banking industry. The Treasury released an AI lexicon and a risk management framework specifically tailored to help financial institutions safely adopt AI technology.
Inconsistent terminology and generic guidelines have caused confusion, making it harder for banks to defend against novel cyber threats, bias and compliance hurdles. Supporting data: The new framework provides institutions with a matrix of 230 control objectives to manage risks across the AI lifecycle.
The CEO’s views can be interpreted as a broader societal response to the potentially disruptive nature of AI.