The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.
May 31, 2022APRA said the direction was necessary to ensure NESS Super Pty Ltd expedites the appointment of an additional independent director.
May 16, 2022The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.
April 5, 2022Most successful business email compromise frauds occurred because LCs did not check or verify the identities of email senders or they ignored red flags.
March 25, 2022APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.
February 2, 2022Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
January 28, 2022An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
November 26, 2021The 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, 2021The 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, 2021Based on responses from almost 7,200 insurance employees, APRA found some of the lowest scores in risk governance and controls.
October 15, 2021