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The GRC News Page has Moved!

Thursday 19 July 2018



The GRC News Page has moved to the GRC Professional Online.

This change is to create a space for a multimedia approach to news storytelling.
 
The platform is meant to be an interactive platform, so please engage, submit articles or challenge ones that you don’t agree with.

Don’t be afraid to email or call to tell us the issues that you w...

By Kwame Slusher

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Ban not going to work

Thursday 5 July 2018




News Summary

Financial Review 

The Australian Chamber of Commerce and Industry (ACCI) has questioned the cash ban.

The article reported that the ACCI believes that the Turnbull government is focusing on the wrong thing and this will not mean a decline in the ‘black economy’ because of the ban.

"Resources and effort would be better s...

By Kwame Slusher

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Digital Platforms, Competition and Consumers

Wednesday 4 July 2018




The Australian Competition and Consumer Commission (ACCC) will be looking at the competition practices of digital platforms.

ACCC Chairman, Rod Sims, told the International Institute of Communications’ Telecommunications and Media forum that the impact of these digital platforms is a ‘vital issue’.

“It is clear that we need to look at the...

By Kwame Slusher

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Foundations of a culture of speaking out

Wednesday 4 July 2018



Amendments to the whistle-blower regime indicate a move towards creating a regime that will protect those who speak out about wrong-doing. But what do organisations need to do to change?

For Dennis Gentilin, Founder of Human Advisory Systems, the key is in organisational culture.

The GRC Professional got a chance to catch up with Gentilin e...

By Kwame Slusher

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Responsible Credit Card Lending

Wednesday 4 July 2018


 

Once again, banks find themselves in the spotlight for selling inappropriate products to their consumers.

Earlier this week, the Australian Securities and Investment commission (ASIC) released Credit Card Lending in Australia, a report that highlighted some of the challenges of credit card lending.

This week, the regulator also released ...

By Kwame Slusher

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Regulation and Compliance Reconsidered-Part 1

Tuesday 3 July 2018



* This article was originally published in the Winter 2018 Edition of the GRC Professional, or you can downlaod a PDF version of this article here. 

by Dr Angus Young
 
The revelations of the Royal Commission and recent Inquiry by Australian Prudential Regulation Authority (APRA) raise questions about went wrong and where the failures lie. H...

By Kwame Slusher

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ADIs: Changes in the Related Parties’ Framework

Tuesday 3 July 2018



Regulation 

 Weak governance when it comes to ‘related-party dealings’ can lead to financial reputational damage.

This is the position of the Australian Prudential and Regulation Authority (APRA) and the reason behind their released Discussion Paper: Revisions to the related entities framework for ADIs, which details proposed updates to the...

By Kwame Slusher

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I’m sorry—but it’s your fault operational risk

Monday 2 July 2018



Risk

*This article was republished with the permission of the author. You can access the original publication here.


by Sean Coady


To get what you want a bunch of stuff has to go right. But a bunch of stuff can also go wrong. Understanding and managing all of that is what business is all about. And good business management is also kn...

By Kwame Slusher

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A public register of beneficial owners for NZ?

Monday 2 July 2018



*This article has been republished from  DLA Piper. More information about the authors or their other publications can be found here.
 

by Geoff Ward-Marshall, Rachel Taylor, Martin Wiseman
 
 
The Ministry for Business, Innovation and Employment (MBIE) is seeking written submissions on options to increase the transparency of the bene...

By Kwame Slusher

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