Peak Debt for households and businesses

April 2020

The world may have hit a peak in toilet paper sales but it is likely most households and businesses will be reaching peak debt and beyond in the foreseeable future.

The Three Lines of Defence

December 2019

Most financial institutions have adopted the three lines of defence risk management system. History has shown that it has not prevented the occurrence of risk failures since its emergence.  In theory, it sounds like a relatively simple concept – in practice, it has been difficult to implement and embed. 

Beyond tone from the top

October 2019

On 2 October 2019, ASIC released the first report from its corporate governance taskforce: ‘Director and officer oversight of non‑financial risk. The depth of the report is a strong indicator of the level of scrutiny this category of risk will continue to receive from regulators in the coming years.

Culture is not just about today

June 2019

The Federal Reserve Bank of New York’s hosted its annual culture conference last week ‘Building Cultural Capital in the Financial Services Industry: Emerging Practices, Risks and Opportunities’.

APRA’s proposed changes to APS 220

June 2019

Many of our clients are asking us about the implications of APRA’s proposed changes to the existing Prudential Standard APS 220 Credit Quality following the release of its discussion paper and draft new standard for consultation.