All posts tagged "Risk Culture"
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513Australia & NZRBNZ Calls for Risk Governance Improvements at Westpac NZ
An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
November 26, 2021 -
146InternationalBank Compensation Practices More Advanced Than Other FIs: FSB
The use of balanced scorecards based on KPIs in determining compensation is "critical" to promoting a sound risk culture in a firm, the FSB says.
November 5, 2021 -
155Australia & NZAPRA Issues Updated Guidance on New Remuneration Standards
The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.
October 21, 2021 -
179Australia & NZ
APRA Concludes Pilot Risk Culture Survey With 10 Insurers
Based on responses from almost 7,200 insurance employees, APRA found some of the lowest scores in risk governance and controls.
October 15, 2021 -
173Australia & NZ
APRA Finalises Prudential Standard on Remuneration
The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.
August 30, 2021 -
973FeatureHKMA Issues Draft Guideline for Banks on Climate Risk Management
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
July 21, 2021 -
285Australia & NZ
APRA Targets Risk Culture in Superannuation Sector
APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.
June 1, 2021 -
618Australia & NZ
APRA Chair Outlines Initiatives to Financial Sector Risks
APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
May 3, 2021 -
523Australia & NZAPRA Approves Westpac Plan to Strengthen Risk Governance
The integrated plan outlines a comprehensive program of work to enhance Westpac’s risk culture and risk governance.
April 8, 2021 -
298Australia & NZRBNZ Orders Westpac NZ to Address Risk Governance Issues
Westpac’s New Zealand unit breached the RBNZ's liquidity policy by incorrectly calculating mismatch ratios.
March 25, 2021
