Financial sector regulators broadly agree that organizational culture — their own, as well as among the firms they oversee — presents material challenges to governance and supervision that demand coordinated, public-private attention. Collective action must aim at developing data-driven approaches to proactive risk assessment.
Compendium
Jun 23, 2025The IAIS advances risk governance through global insurance standards, emphasizing conduct risk, insurer culture, and systemic risk resilience. Its 2025–2029 strategy prioritizes climate risk, digital innovation, and protection gap reduction. The Insurance Capital Standard (ICS) and Holistic Framework underscore the IAIS’s commitment to global supervisory cooperation and the mitigation of misconduct across the insurance sector.
Compendium
Jun 23, 2025Observations
May 15, 2025While presenting ANZ's latest financial results, outgoing CEO Shayne Elliott maintained that the current Australian Securities & Investments Commission (ASIC) investigation into alleged market misconduct at the bank is unrelated to past scandals, as reported by The Australian.
