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

25
Jan 16

The Top 5 Skills Lacking within Internal Audit

3

A new year brings a renewed focus. What strategic priorities have you set for 2016? According to a recent report from the IIA, one major priority for internal auditors should be within skills development. Developing the right talent pool for internal audit is a major challenge, and keeping and retaining that talent is the next … Continue reading The Top 5 Skills Lacking within Internal Audit

11
Nov 15

Integrated Assurance in a Financial Services Organisation

Author:James Lai

“Risk is everyone’s business” is a mantra that is rapidly being adopted by financial services organisations around the world, especially in light of large corporate collapses over the past 15 to 20 years and the global financial crisis in the late 2000s. The notion of business people having a clear understanding of their key risks … Continue reading Integrated Assurance in a Financial Services Organisation

09
Oct 15

Balance Sheet Management in the Standardised Environment

A lot of media attention has focused on the challenges facing IRB banks in light of the recent regulatory changes around capital, but the challenges facing standardised institutions operating under relatively higher funding costs and intensive capital requirements, with limited access to loss data, are no less significant. Operating under the standardised approach can make … Continue reading Balance Sheet Management in the Standardised Environment

08
Sep 15

Exploring the Impact of Capital Requirements on the Pricing of Loans

Banks are particularly focussed on capital settings, and the impact of regulatory change on customers, product, pricing, capital, systems and technology. The expected impacts of the recent Financial System Inquiry, ‘Basel IV’ and Total Loss Absorbing Capacity are currently being calibrated. In addition, the focus on international harmonisation presents interesting challenges for domestic regulation. The … Continue reading Exploring the Impact of Capital Requirements on the Pricing of Loans

03
Sep 15

Building Capabilities in Stress Testing

Stress testing is a challenging area for the banking sector. APRA’s 2014 industry-wide stress test revealed several shortcomings in the way in which banks conduct their own stress tests. The regulator concluded that bank data, modelling and the development of scenarios required improvement and it became clear that there was varying levels of sophistication between … Continue reading Building Capabilities in Stress Testing