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July 12, 2018
by Kwame Slusher
The changing ecosystem of the financial system brings more opportunities but also introduces new risks as well.
The three forces that are driving innovation in the payments space in Australia are new payments channels, new technologies, and new participants.
The Thomson Reuters Cost of Compliance 2018 report co-authored Susannah Hammond and Stacey English shows that industry engagement with RegTech and Fintech is increasing.
However, legacy systems from larger organisations still present a challenge.
Of the 800 different...
The Thomson Reuters Cost of Compliance 2018 survey highlighted that 18 per cent of compliance professionals globally are concerned about compliance liability.
“The introduction of accountability regimes worldwide, such as UK’s senior Managers and certificate Regime(SMCR...
The conduct regulator has just accepted their second court enforceable undertaking (EU) from Commonwealth Bank of Australia in five days.
The earlier EU was in relation to a commitment to change the way their superannuation products were ‘distributed’.
This EU is in conn...
July 6, 2018
by Angus Young
This article was originally published in the Winter 2018 Edition of the GRC Professional, or you can downlaod a PDF version of this article here.
The revelations of the Royal Commission and recent Inquiry by Australian Prudential Regulation Authority (APRA...
Once again, banks find themselves in the spotlight for selling inappropriate products to their consumers.
Earlier this week, the Australian Securities and Investment commission (ASIC) released Credit Card Lending in Australia, a report that highlighted some of the cha...