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APRA Media Release


Wayne Byres 

I would like to make a short statement about recent initiatives and announcements affecting APRA and the institutions we supervise.

In doing so, however, I would like to start by reiterating the underlying assessment that I expressed when we appeared before this Committee in February: that while ...

By Kwame Slusher



Last week, GRC Professional caught up with Sue Brown, Director of
Sue Brown Solutions, who will giving a presentation at the New Zealand Summit being held on 23 June.

Brown’s focus at the summit will be on Regulatory Change Overload: Making sure you have it all covered, prioritised and read for the next wave.
 

Why did you choose this topic?...

By Kwame Slusher

Tuesday 30 May 2017

ACCC Media Release

The ACCC has instituted proceedings in the Federal Court against NIB Health Funds Limited (NIB), alleging it contravened the Australian Consumer Law by engaging in misleading or deceptive conduct, unconscionable conduct and making false or misleading representations.

The ACCC alleges that NIB ...

By Kwame Slusher




Data is a useful resource, but it must be built on strong foundations of privacy.

“Our experience and community research shows that, by and large, people do want their personal information to work for them, provided they know that it is working for them,” Timothy Pilgrim, Australian Information Commissioner and Australian Privacy Commissione...

By Kwame Slusher



With the Privacy Amendment (Notifiable Data Breaches) Bill 2016 on mandatory breach reporting being approved, organisations must now ensure they are ready for the privacy legislation amendments to go live early next year.

GRC Professional talks to Madgwicks Partner, Dudley Kneller, about what this means for organisations and their compliance p...

By Kwame Slusher

Friday 26 May 2017




On 15 May, first day of Privacy Awareness Week, the Office of the Australian Information Commissioner (OAIC) released the findings of the Australian Community Attitudes to Privacy Survey (ACAPS) 2017.

Speaking about the Survey’s results, Timothy Pilgrim, Australian Information and Privacy Commissioner, said “The 2017 survey has highlighted g...

By Kwame Slusher

FMA Media Release

The Reserve Bank of New Zealand and Financial Markets Authority have welcomed the release of a new code to promote good practice in the international foreign exchange market.

The new Global Code of Conduct for the Foreign Exchange Market was released in London by the Bank for International Settlements last night. It was ...

By Kwame Slusher

ASIC Media Release

ASIC will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a 'hackathon' later this year to help identify roadblocks to the successful and rapid take-up of the sector.

The initiatives are among a range of proposals covered in Report 523 ...

By Kwame Slusher

Austrac Media Release

In the wake of an historic court conviction, AUSTRAC, the Government’s financial intelligence and regulatory agency, has warned that legal action will be taken against unregistered remitters who engage in deliberate and systemic breaches of the anti-money laundering and counter-terrorism (AML/CTF) laws. 

The first ev...

By Kwame Slusher

Tuesday 23 May 2017



The AML/CTF Act is not about compliance. It is about tackling financial crime. Eric Frost, cofounder and CEO of Simple KYC—a member of the newly-launched RegTech Association—spoke to GRC Professional.

“You can argue about the regulation itself and get into to a lot of details, but the purpose is often forgotten about in industry,” Frost said. ...

By Kwame Slusher