Why is risk management a challenge for banks?

Risk Management

ANZ, Citigroup and Deutsche Bank are three more names to join the long list of financial institutions that have faced criminal charges. In this instance, the accusations relate to cartel conduct surrounding the sale of AU$2.5 billion of ANZ shares to institutional investors in August 2015. This comes after the Commonwealth Bank of Australia (CBA) was […]

Case Study – Barnardos Australia

Barnardos Australia - Barnardos

Barnados Australia: The Special Needs of Financial Services Boards This is amongst the most rewarding work I’ve done. Without it, Barnardos ’ funding structures would not have changed – which has led to lives being positively transformed” – Adrian McGarva, PFS Consulting. In the late 2000s, out-of-home care for abused and neglected children in New […]

The collaboration conundrum: Lessons from the APRA/CBA report

APRA CBA Collaboration Conundrum

It’s been called Australia’s most scathing regulatory report to date. The Australian Prudential Regulatory Authority’s (APRA) inquiry into a succession of conduct and compliance issues at the Commonwealth Bank of Australia (CBA), which culminated in the flouting of several aspects of anti-money laundering legislation, is certainly damning. APRA paints a picture of an organisation that became dangerously […]