News Update
Month: May
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Slavery and TCFD still low priorities for companies
Read morePreparing for the Modern Slavery Act and addressing the requirements of the TCFD (Taskforce on Climate-Related Financial Disclosures) are still low priority issues for most companies, but this is expected to change in coming years, according to a new report by Deloitte.
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Penalties and ASIC’s powers boosted to curb misconduct
Read moreThe government is introducing tough new penalties for corporate and financial misconduct and will bolster the powers of the Australian Securities and Investments Commission (ASIC) in its response to the ASIC Enforcement Review Taskforce Report.
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What can we learn about culture from the CBA report?
Read moreWhat the APRA Prudential Inquiry into the Commonwealth Bank of Australia shows all too clearly is that it is not good enough to take a limited view on risk management. The Hayne Royal Commission, the APRA Inquiry and the ASX Principles Review's proposed recognition of the fundamental importance of a company's social licence to operate, taken together, provide an opportunity to review and assess the current state of governance practice. They also invite reflection on what these current events can teach.
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Dudley Kneller’s 2018 Tech Compliance “Hot List”
Read moreAs the in-house, risk and compliance communities struggle to keep on top of emerging trends and compliance risks, new technologies, increased regulation and growing cyber threat will present continuing challenges (and opportunities) for Australian organisations in 2018.
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APRA to improve insto’s remuneration practices
Read moreA review has found plenty of room for improvement in the remuneration practices of Australia’s large financial institutions, prompting the Australian Prudential Regulation Authority (APRA) to consider ways to strengthen its prudential requirements in this area.
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How thinking about climate risk is changing
Read moreClimate finance and risk management are moving into the mainstream, according to Mark Carney, the Governor of the Bank of England. Speaking at the International Climate Risk Conference for Supervisors in Amsterdam in April, he detailed how thinking about climate change risks had transitioned since The Paris Agreement in 2015.