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Wednesday 21 March 2018

The competition regulator has brought action against Equifax for a breach of Australian Consumer Law.

Allegedly, Equifax had been misleading customers to believe its paid credit reports were more comprehensive than those it offered free-of-charge.

According to the Australian Competition and Consumer Commission (ACCC), “Equifax also allegedl...

By Kwame Slusher

Following the media storm of the ‘Panama Papers’ in 2016, Anthony Quinn, Founder of Regtech start-up, Arctic Intelligence, asked whether tranche 2 will ever happen. While it is known for a fact that it will, it remains a matter of when.

Quinn writes:

There is little logic in the argument that AML laws should be strengthened for existing ...

By Kwame Slusher

Financial Standard

The Financial standard reports that financial advice will be under the spotlight in the Royal commission in April.

It was reported that the Royal Commission has received 1, 894 public submissions:

  • 67% in banking
  • 11% for superannuation
  • 6% general insurance

The Financial Ombudsman Service (FOS) suggest...

By Kwame Slusher

Wednesday 14 March 2018

in conversation with Jag Narayan 

Last week, GRC Professional took the opportunity to catch up with GRCI member and Chief Risk Officer at State Super, Jag Narayan.

Narayan spoke about the importance of incorporating a balance of formal and informal development through the lens of his own career.



Tell me a little about...

By Kwame Slusher

Wednesday 14 March 2018

Graham Caddies, Principal Consultant, Trainer and Auditor for Advance ProfitPlan (APP), speaking the GRC 2017 Conference Awards Dinner.

interview with Graham Caddies 

* This interview was originally published in the In the GRC Professional Magazine 

Graham Caddies, Principal Consultant, Trainer and Auditor for Advance ProfitPlan (APP)...

By Kwame Slusher

Wednesday 14 March 2018

News Summary 

Financial Review

National Australia Bank (NAB) will be refuting claims made by the Financial Sector Union that it has failed to discipline senior staff.

The failure of discipline is allegedly connected to a series of fraudulent mortgages and has been tightening the ‘eligibility’ for NAB’s ‘introducer program’.

The Aus...

By Kwame Slusher

Wednesday 14 March 2018


The Full Federal Court of Australia has upheld the ruling against Prysmian’s cartel conduct and has dismissed their appeal.

“The ACCC is committed to pursuing cartel conduct, which can cause significant harm to consumers, other businesses, and the competitive process the economy depends on,” said ACCC Chair, Rod Sims.

In the...

By Kwame Slusher

Published recently, the International Organisations of Securities Commission’s (IOSCO) report, entitled Senior Investor Vulnerability, looks at the growing risks to senior investors and practices that can help protect them.

According to the official statement from IOSCO, “Ageing populations are a challenge to investor protection, as ageing and...

By Kwame Slusher

The Australian Prudential Regulatory Authority (APRA) has released the first cross-industry consultation draft for a prudential standard in information security management.

The draft is titled CPS 234 Information Security Management: A new cross-industry prudential standard. It was released last Thursday.

"Australian financial institutions ...

By Kwame Slusher

Life is difficult to quantify, if it can be quantified at all. It is especially difficult to quantify the life of someone like Jennifer O’Donnell, who passed away last week after a three-year battle with cancer, and who made such a substantial contribution to her profession, both from a regulatory and industry perspective.

Today, on Internat...

By Kwame Slusher