The capability review of APRA, published in June 2019, has helped to sharpen APRA’s strategic thinking for its Corporate Plan 2019-2023. The outcomes flagged for APRA’s focus are reflective of APRA’s mandate to maintain financial system resilience, while being heavily geared towards three key areas of legislative focus:
1. Superannuation member outcomes; as necessitated by the upcoming prudential s...
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) handed down its recommendations to the public on 4 February 2019. Since then, the Government and regulatory bodies have moved to acknowledge and address the issues raised in the Royal Commission report.
This blog looks at some of the main recommendations relating to financial advic...
Resourcing gaps happen from time to time. Maybe an employee unexpectedly resigned, a new project requires more resources than you have available, or a role has grown and the current resourcing is no longer sufficient, or not adequately equipped for that growth.
Whether a resourcing gap is expected or unexpected, you have a gap that you need to fill. Where you have an administrative gap you might co...
Whether you’re interested in getting started in your first risk and compliance role, or moving ahead in the ranks at your current or other organisation, we often get asked about what it takes to progress and stand out for new opportunities.
Based on our ongoing interactions with industry practitioners, the key attributes of successful risk and compliance professionals appear to us to include:
Are you confident that the culture and processes in place at your company are managing conflicts appropriately?
All trustees are obligated to act in the best interests of beneficiaries and give priority to duties and interests of the beneficiaries over the duties to and interests of other persons. Duties to beneficiaries must be met despite a conflict, and the interests of the beneficiaries must no...
