All posts tagged "Risk Culture"
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138Australia & NZAPRA Releases Policy, Supervision Priorities for 2021
Priorities include updates to the prudential standards on remuneration, resolution and recovery planning, operational risk, governance and risk management.
February 2, 2021 -
246Australia & NZAPRA Publishes Findings From Big Banks’ BEAR Implementation Review
CBA had the most developed approach to implement the BEAR, benefitting from the execution of its remedial action plan associated with the Prudential Inquiry.
December 11, 2020 -
339Australia & NZWestpac Commits to Addressing Risk Governance Weaknesses
The court enforceable undertaking requires Westpac to develop an integrated plan to address all major risk governance issues, covering both financial and non-financial risks.
December 3, 2020 -
769Australia & NZAustralia Gets New Guidance for Internal Auditors in Financial Services
The Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.
November 29, 2020 -
454Australia & NZAPRA Halves CBA Operational Risk Capital Add-on
CBA has made "significant progress" in areas such as risk management and compliance, remuneration and risk culture, APRA says.
November 20, 2020 -
739AML / KYC
Westpac Unveils Change Programme to Fix Risk Culture
Westpac says aspects of its nonfinancial risk culture are “immature and reactive”, and that the bank is “overly complex”, resulting in unclear accountabilities and challenges in execution.
July 20, 2020 -
1.2KAML / KYCWestpac Concludes Internal Probe into AML/CTF Failures
Westpac said its IFTI non-reporting was due to a mix of technology and human errors dating back to 2009. Governance failures and unclear compliance accountabilities were also identified.
June 5, 2020 -
591Australia & NZASX is Transforming Entire Technology Stack, says CEO
Managing director and CEO Dominic Stevens said ASX’s strategy is not just about replacing CHESS or upgrading the futures trading system; the bourse is transforming its entire technology stack.
February 14, 2020 -
904FeatureHKMA Warns FIs Against Churning Investment Funds for Clients
The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.
November 25, 2019 -
1.5KInternationalCompliance Training Failing to Deliver Meaningful Outcomes
Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.
September 4, 2019
