Back to Main Theme

Managing Culture & Conduct for Good Governance

Culture is consistently seen as culprit amidst continuing risk governance failures among firms, as well as in troubling lapses on the part of the auditors and regulators relied upon to assure market integrity. Culture is thus considered to be a critical governance priority – for private and public entities equally – and particularly so in the financial sector.

Advanced Filters
Contributors
Managing Culture & Conduct for Good Governance
Clear All
APRA Reduces Westpac Capital Add-On by $500M

by Starling Insights

Observations

Jul 24, 2024

The Australian Prudential Regulation Authority (APRA) announced last week that it would reduce the $1 billion operational risk capital add-on it had applied to Westpac by $500 million. APRA said the reduction was due to the bank's progress in improving its governance, culture, and risk management.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

Financial Sector Culture, Conduct Risk, and Prosperity: Lessons from the UK

by Sir Keith Skeoch

Compendium

Jun 11, 2024

Capitalism is again suffering one of its many periodic crises. This time, however, it’s not the result of economic consequences stemming from a major financial market crash or panic. Rather, there appears Sir Keith Skeoch to be a growing lack of confidence that the economic model which has delivered such wide-spread prosperity over the last 400 years is now failing to do so, despite the economy recovering from the deep recession caused by pandemic-induced lock downs.