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Peter Kenny
is the Adviser & Regulatory Compliance Manager at AMP Financial Services NZ. He is a generalist who’s managed compliance and non-compliance functions for many years.  His experience spans operations, IT, distribution, legal and professional publishing, and, of course, compliance, which he came to by accident, setting up a complaints f...

By the GRC Professional

FMA Media Release
MR No. 2017 – 04
15 February 2017

Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets.

In 2014, the FMA est...

By the GRC Professional

AUSTRAC Media Release

16 February 2017

These draft AML/CTF Rules provide an exemption allowing reporting entities to undertake actions in regard to a law enforcement operation which normally would amount to a breach of the AML/CTF Act and AML/CTF Rules.

View the draft rules on the draft AML/CTF r...

By the GRC Professional

Thursday 16 February 2017




How much stress can GRC professionals take?

by Bob Murray

Josh, the risk and compliance director of a major listed company, a nervous breakdown yesterday. Not an unusual occurrence for a risk professional. He was taken to hospital and will be off work for a few months. He will return to work and almost certainly will suffer from another b...

By the GRC Professional

Wednesday 15 February 2017



As the fintech industry develops, so too do the conversations about its capability and its regulation.

Binu Paul, Managing Director of SavvyKiwi, a Fintech startup, talks to the GRC Professional about the development of fintech in New Zealand and his hopes for the industry in the future.


Interview


What has been the public response to f...

By the GRC Professional


Correction Notice: This is an updated version of an interveiw originally published on the February 9th. It has been republished to with the final reponses to the interveiw questions below. 




Oliver Harvey, head of the Markets Infrastructure team at  Australian Securities and Investments Commission (ASIC), talks to the GRC Professional about...

By the GRC Professional



GRC Institute President, Carolyn Hanson, chats with GRC Professional about the fundamentals of a career in financial crime compliance.
 
Carolyn is Head of Financial Crime Compliance & Specialist Advisory Services, Wealth Management, at the Commonwealth Bank of Australia (CBA).
She has been in the compliance field for more than 20 years. Austr...

By the GRC Professional

Tuesday 14 February 2017

OAIC Media Release

Statement from Australian Privacy and Information Commissioner, Timothy Pilgrim

I welcome the passage of the Privacy Amendment (Notifiable Data Breaches) Bill 2016, which establishes a mandatory data breach notification scheme in Australia.

I look forward to working with government, business and consumer groups duri...

By the GRC Professional



Susan Cretan is the Director of Integrity, Governance and Risk at Flinders University
. She is a governance, risk and compliance professional with over twenty years’ experience in the financial services sector. She has also practiced as a lawyer at a commercial law firm, and at ASIC.
 
 

How did you get into risk and compliance?
 It was not pl...

By the GRC Professional

Wednesday 8 February 2017



Republished from the December 2016 edition of the Quarterly GRC Professional: The Rise of RegTech.

*Click here to download a PDF version of this article or please scroll down.



It is often said that compliance is driven not just by the need for organisations to ensure their internal policies align with regulations, but by peop...

By the GRC Professional