As customers, employees, and regulators are looking to hold company boards and officers personally liable for damaging misconduct in the wake of risk governance failures, industry supervisors face heightened scrutiny from injured consumers, loss-suffering investors, and irate legislators and voters in a new era of accountability.
Observations
Mar 18, 2024Earlier this month, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) unveiled final rules and guidance to facilitate the implementation of the Financial Accountability Regime (FAR).
by Starling Insights, Wayne Byres, Michelle W. Bowman, Charles Randell
Compendium
Feb 14, 2024Thoughts
Feb 14, 2024Regulators should embrace holding ourselves to high standards — just as we hold banks to high standards — and do so in a way that promotes public accountability.