Despite reforms introduced after the Financial Crisis, the “turmoil” of 2023 shows that capital buffers and added liquidity don’t compensate for risk governance weaknesses, to include those driven by culture and the conduct it promotes. Better tools, and metrics, are needed to proactively assess culture risk governance efficacy, and are key to managing financial and non-financial risk successfully.
Observations
Mar 12, 2025Late last week, the Australian Prudential Regulation Authority (APRA) proposed a number of updates to its prudential governance framework for banks, insurers, and superannuation trustees.
by Amy Edmondson, Gillian Tett, Jamie Fiore Higgins
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Dec 04, 2024Observations
Nov 12, 2024A recent wave of scandals among major Australian companies has raised concerns about corporate governance and board oversight, as reported by Financial Times journalist Nic Fildes.
