Earlier this the year New Zealand passed legislation for mandatory climate related disclosures. This week the Australian Prudential and Regulation Authority published results of a self-assessment of regulated entities alignment with the CPG Climate Change Financial Risks based on the work Taskforce for Climate Related Disclosures (TFCD).
While APRA -regulated entities are doing good job following regulatory guidance in governance and disclosure, but still have a lot of work to do in embedding climate risk across their organisations.
This week results climate change risks self-assessment survey of alignment of medium to sixty-four large banks, insurance, and superannuatio...
The Australian Securities and Investments Commission (ASIC) published updates in the Regulatory Guide 263 Financial Services and Credit Panel, the new INFO sheet 273 Financial Services and Credit Panel (FSCP) decisions: Your Rights and published Report 734: Response to submissions on CP 359 Update RG263 Services and Credit Panel (Rep 734...
What does the future of the compliance professional look like?
This one of the questions posed by the Thomson Reuters 13th Cost of Compliance Survey 2022
The report launched in July found five critical challenges for compliance practitioners:
The volume and implementation of regulatory change
When it comes to design and distribution obligations(DDO) the securities and investments regulator will be focusing on compliance.
This week saw the (DDO) in action with an interim order preventing the issuance of the managed investment scheme interests and shares to retail investors from Responsible Entity Services (RES), UGC Global Alpha...
Because issues around data protection are high up on the list for many organisations, we thought we’d share one of Future Tense’srecent episode taking a legal and philosophical position on digital identity and the self.
Directors will be held accountable for cyber risk management.
This week Australian Securities and Investments Commission (ASIC) Commissioner Daniel Press wrote in an article published on the regulator’s website and The Company Director, “ASIC expects directors to ensure their organisation’s risk management framework adequately addresses ...
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