July 14, 2020

Westpac’s recent win in its ‘wagyu and shiraz’ case against the Australian Securities and Investments Commission (ASIC) makes it timely to revisit the state of play in respect of responsible lending in Australia.

This blog post explores:

* The outcomes and implications of the Westpac responsible lending case that ASIC initiated in 2017;

* The most recent changes to ASIC RG 209 Responsible Lending (RG...

February 29, 2020

Accountability goes to the very heart of organisational culture. Where appropriate consequences are not applied in respect of non-compliance and ethical misconduct, the organisational culture can be expected to further deteriorate and foster poor customer outcomes and risk events with the potential for significant reputational damage. There were many examples of this showcased in the hearings of t...

January 19, 2020

Non-financial risk is a topic that has garnered much attention throughout 2019 and it continues to gain momentum as we move into 2020. As some in the industry start referring to it under a new acronym (NFR), we are likely to see many variations of guidance emerge and new trends and improvements to non-financial risk reporting take shape. Regulatory developments across a number of different governm...

November 26, 2019

With conduct and culture at financial institutions remaining at the forefront of remediation work and regulatory involvement following the Royal Commission, it should come as no surprise that APRA is now seeking to strengthen requirements on remuneration. This blog post looks at five key impacts and objectives of the proposed prudential standard.

October 9, 2019

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...

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November 26, 2019

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Hall Advisory Services Pty. Ltd.

ABN: 63 615 549 909

Natasha Hall

Managing Director

M: +61 435 610 293

E: natasha@halladvisory.com

Melbourne

A: L27, 101 Collins Street, Melbourne VIC 3000

+61 3 9653 6493

Sydney

A: L36, Gateway, 1 Macquarie Place, Sydney NSW 2000

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