10
Oct 18

APRA’s supervision gets up close and personal

Author:Ash Natesh

The bulk of Australia’s biggest financial institutions have been forced by the prudential regulator to go through an in-depth review of their culture and governance before the royal commission ends next year. After coping heavy criticism over a lack of enforcement strategies in the financial sector, the Australian Prudential Regulation Authority has demanded Westpac, ANZ … Continue reading APRA’s supervision gets up close and personal

15
Aug 16

‘Limited Language – Big Blind Spots’: How the language we use at work can undermine the very cultures we wish to create

According to the Harvard Business Review, English is now the global language of business. English is declared the working language of the World Bank, The European Central Bank, (based in Frankfurt, Germany) and AXA (the French multinational insurance firm headquartered in Paris). The English we use in business however is distinct, perhaps forming a unique … Continue reading ‘Limited Language – Big Blind Spots’: How the language we use at work can undermine the very cultures we wish to create

01
Aug 16

Nobody is above the law – ASIC’s pledge on culture and conduct

According to the latest public briefing from Greg Metcalf, “nobody is above the law”. The nation’s top corporate cop has put finance senior executives on notice to ensure efforts to improve culture and conduct do not become “white noise” for staff below them, saying the regulator will continue to uncover wrongdoings and is not intimidated … Continue reading Nobody is above the law – ASIC’s pledge on culture and conduct

05
Jul 16

The challenge of managing ethical behaviour in banking: reshaping behaviours

Research by academics and behavioural scientists has shown that individual behaviour at work is determined more by peer pressure than employer proclamations, decrees, rules or regulations. Banks in particular are comprised of numerous sub-cultures, each of which have strong unwritten ground rules for how members should behave in order to “fit in” and remain a … Continue reading The challenge of managing ethical behaviour in banking: reshaping behaviours

24
Jun 16

Understanding corporate culture in banking

If you don’t understand your culture, you don’t understand your business. The term Corporate Culture is a poorly defined business term and often lumps too many elements together to be useful in understanding how to effectively manage important issues such as ethical behaviour. If anything, corporate culture is a “rear view mirror” concept and can … Continue reading Understanding corporate culture in banking

17
Jun 16

The challenge of managing ethical behaviour in banking

Between 2008 and 2015 the banking industry as a whole has been fined nearly $250 billion for unethical and fraudulent activities. While there are a small number of individuals who perpetrate unethical behavior and wrongdoing, their actions have considerable financial and legal ramifications and have negatively impacted employee morale as well as the trust of … Continue reading The challenge of managing ethical behaviour in banking