Starling's Compendium features contributions from some of the top thought leaders from regulators, the industry, and other key stakeholders.
by Chris Gower
Compendium
Jun 11, 2024Post-financial crisis, regulators focused on preventing bank failures through enhanced risk management and governance. The Australian Prudential Regulation Authority (APRA) emphasized root cause analysis and integrated transformation plans to address governance and risk culture deficiencies. Effective supervision includes early intervention, independent assurance, and fostering a culture of continuous improvement.
