All posts tagged "risk governance"
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133Australia & NZAPRA 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 -
287EuropeIndependent Report Finds Risk Control Failures at Credit Suisse
The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021 -
1.0KContributed ArticleCulture & Conduct Risk: The Normalization of Deviance
Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling's Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.
July 29, 2021 -
257Australia & 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 -
491Australia & 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 -
277Australia & 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 -
481AML / KYC
APRA Ends Westpac Probe into Possible Banking Law Breaches
The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.
March 14, 2021 -
310Australia & NZ
APRA 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 -
540Australia & NZAPRA Lowers Allianz Capital Charge to Reflect Better Risk Governance
In recognition of progress to address risk governance issues, APRA has reduced Allianz's additional capital requirement from A$250mn to A$150mn.
December 11, 2020 -
425Australia & NZ
Westpac 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
