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Monday 6 December 2021




This week the Australian Securities and Investments Commission (ASIC) released a report that found improvement in the cyber resilience regime in the local financial market.

In an official statement along with the release of the report that focused on the 2020 to 2021 period , ASIC Commissioner Cathie Armour said, “Firms operating in Australi...

By Kwame Slusher

Friday 3 December 2021



  • This publication was officially released on the first of the Annual GRC2021 Virtual Conference . 
  • You can download your PDF version of the Paper here





The Three Lines reimagined:
 
Critical success factors for an effective implementation of the Three Lines of Accountability

A DISCUSSION AND POSITION PAPE...

By Kwame Slusher

The Administrative  Appeals Tribunal  has shortened Lisa Lee’s ban from providing financial from providing financial services for eight years to six years.
The former ANZ employee failed  to act honestly:

  • The employee falsely witnessed binding nomination of beneficiary forms for seventeen clients,
  • backdated documents, and
  • falsifi...

By Kwame Slusher

Friday 3 December 2021


 


This week the chair of the prudential regulator reminded banking industry that capital  is critical for the stability of the banking system.

Australian Prudential Regulation Authority (APRA) Chair Wayne Byres said in an official statement that “It protects depositors during periods of stress, ensures banks can access funding, facilitates ...

By Kwame Slusher

Insurers should take a more consumer-centric approach just as Australia heads in bushfire season.

Australian Securities and Investments Commission (ASIC) Deputy Chair Karen Chester said in an official statemen this week, ‘With summer upon us, we want to remind all insurers they now must manage claims efficiently, honestly and fairly. To consumers,...

By Kwame Slusher



Recent GRC Institute Graduate, Graeme Stevens, talks about his own shifting conception of the role of compliance throughout his professional journey.


More Information
Follow this the link for the most up-to-date information about the latest Discussions Groups, Webinars ...

By Kwame Slusher




Executive Manager Risk & Compliance Consumer Distribution at Suncorp Group Jo Canavan talks about her professional development and the rewards of working with her team. Jo's team was awarded the Risk Team of the Year at the GRC 2021 Conference.


The Team


By Kwame Slusher

Friday 26 November 2021




Governance, risk culture, remuneration and accountability have to all work or none of them will be adequately effective.

Australian Prudential Regulation Authority (APRA) Deputy Chair  Helen Rowell explained in a recent address, “…it is important that organisations understand whether the various streams of GCRA are aligned and working togeth...

By Kwame Slusher


 
The Australian Prudential Regulation Authority (APRA) has ‘finalised’  a prudential  guide of managing financial risks of climate change.

The regulator added that APRA-Regulated entities are expected to begin using the guide immediately.

The prudential regulator said that the Prudential Practice Guide CPG 229  Climate Change Financial Risk...

By Kwame Slusher


 
The Australian Securities and Investments Commission (ASIC) has acted against the Australian & New Zealand Bank’s (ANZ)  introducer program.

The conduct regulator alleges that between  2016  to 2018 the member of the big four breached consumer  protection credit laws and that the bank may have also breached its obligations as Australian Credi...

By Kwame Slusher