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Unconscionable Conduct & Insurance Sales

Tuesday 12 July 2022




Another Royal Commission case study finds itself in front of the federal court. 

In a formal statement the Australian Securities and Investments Commission (ASIC) announced the federal court findings of the unconscionable conduct for Select AFSL, Blue INC Services and Insurance Marketing Service.

These findings were related to the selling...

By Kwame Slusher

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Greater Transparency: APRA

Tuesday 12 July 2022





The prudential regulator is consulting on the improving transparency in the Australian banking sector.
 
Proposals to remuneration
Australian Prudential Regulation Authority (APRA) Deputy Chair John Lonsdale said in a formal statement, “Transparency is important to a well-functioning system. APRA’s proposed disclosure requirements will en...

By Kwame Slusher

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What we are listening to...Fraud, Intents and Purposes

Friday 8 July 2022




This is not a new episode, but fraud was identified as one of the emerging challenges at the AML & Financial Crimes Congress 2022.

So here is Dark Money Files with Fraud, Intents and Purposes

By Kwame Slusher

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Open Consultations…4July – 8 July

Thursday 7 July 2022


 
Australian Securities and Investments Commission
  • CP 363 Remaking ASIC class order on financial requirements for retail OTC derivative issuers: [CO 12/752]—Closes 29 July 2022
  • CP 361 Proposed changes to simplify the ASIC Derivative Transaction Rules (Reporting): Second consultation—8 July 2022
 
Australian Prudential Regula...

By Kwame Slusher

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Audit reporting to directors

Wednesday 6 July 2022



Governance
 
The Australian Securities and Investments Commission (ASIC) will be sharing their negative  audit reports with directors as of the end  of June next year.

ASIC Commissioner Sean Hughes said in an official statement, “Communicating our negative audit review findings to directors of entities audited will assist audit committees a...

By Kwame Slusher

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Avoid ‘greenwashing’: INFO 271

Tuesday 5 July 2022


 

ESG

To avoid greenwashing, superannuation companies need to use clear labels,  define sustainability terminology and clarity about how sustainability is factored into investments. 

This is according to the Australian Securities and Investments Commission (ASIC) last month when they released Information Sheet 271 last month. 

ASIC Depu...

By Kwame Slusher

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GRC 2022 Nominations!

Friday 1 July 2022




GRC Conference 2022 is  just a couple of months away and its time  to consider your nominations for our GRC Awards.  

Here is an awardee Interview From the Archives:




Information on Nominations:

We are pleased to open nominations for our Annual Awards for 2022. ...

By Kwame Slusher

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Podcast: GRC Institute Award Nominations

Friday 1 July 2022

The GRC 2022 Conference is just around the corner and its time to start considering nominations for the GRC Awards. 
 
Here is an interview with last year’s Risk Team of the Year for 2021:


 From the Archives

Executive Manager Risk & Compliance Consumer Distribution at Suncorp Group Jo Canavan talks about her professional development and the...

By Kwame Slusher

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