Compendium
Jun 07, 2023APRA has long been recognized as a leader in the supervision of culture in the financial services industry. Wayne Byres, who served as the body’s chair until he stepped down in October 2022, was a key force behind these efforts.82 In this section, we will review some of APRA’s major priorities over the past year, before delving deeper into how its risk culture supervision has evolved.
Observations
Jun 14, 2021Australian regulator, AUSTRAC — a money-laundering watchdog — has acted in recent weeks to challenge related risk management failures at a number of firms. Notably, not all are in the banking sector. Along with National Australia Bank, Crown Perth, Star Sydney and SkyCity Adelaide casinos are also facing possible multi-million-dollar penalties for potential breaches of anti-money laundering laws.
by Stephen Scott, Jeffrey Kupfer
Thoughts
May 08, 2019
