APRA’s Guide for Directors
APRA’s recently released Guide for Directors is a must read for financial institution Directors, CEOs & Executives.
APRA’s recently released Guide for Directors is a must read for financial institution Directors, CEOs & Executives.
Many recent reviews into the financial services industry have identified widespread and systemic misconduct. Whilst some misconduct has been unlawful, much has been simply behaviour that has not met community standards and expectations.
All investment products, superannuation and otherwise, require the attribution of value to investors. Generally, the changes in value to be attributed at specific points in time (daily, weekly, monthly, …) reflect changes in value of underlying assets.
The interim report of the Royal Commission into Financial Services (released on September 28) was certainly damning.
Until the Global Financial Crisis (GFC), risk management was often focused on building frameworks through policies, procedures, and governance arrangements.
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.
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).
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.