Articles

Recent Stories

Why is risk management a challenge for banks?

July 24, 2018

ANZ, Citigroup and Deutsche Bank are three more names to join the long list of financial institutions that have faced criminal charges.

Case Study – Barnardos Australia

July 19, 2018

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.

APRA CBA Collaboration Conundrum, banking

The collaboration conundrum: Lessons from the APRA/CBA report

July 13, 2018

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.

The evolution of people-centred risk management

June 20, 2018

Until the Global Financial Crisis (GFC), risk management was often focused on building frameworks through policies, procedures, and governance arrangements.

How to manage your cyber risk

May 16, 2018

Australian organisations have traditionally been a little behind their global counterparts in the uptake of cybersecurity measures, with CIO magazine reporting that 85 per cent of Australian businesses have suffered a data breach.

Governance in the digital age – is your board ready?

May 16, 2018

Upgrading your organisation’s digital infrastructure was once a way to stand out from the crowd. Now, it’s a necessity in order to avoid missing out on the forecasted US $1.16 trillion increase in the Asia-Pacific region’s GDP by 2021 that widespread digital transformation will contribute (according to Microsoft & IDC Asia Pacific research).

Proposed changes to superannuation: The PFS POV

May 4, 2018

Changes are coming for superannuation funds. In December, the Australian Prudential Regulation Authority (APRA) proposed adjustments to the way funds implement business objectives, measure their outcomes and make significant expenditure.