Our latest insights

Proactive stress testing to manage macroeconomic risk, strengthen financial stability and banking

ASIC Commissioner Alan Kirkland outlines key regulatory priorities in the credit sector, focusing on responsible lending, dispute resolution, and protecting vulnerable consumers from misconduct.

APRA’s latest reforms are designed to make its banking framework more proportionate, supporting a more competitive banking environment and fostering innovation. For smaller and medium-sized banks, this could mean reduced compliance pressures and more scope to focus on customers and growth.

ASIC’s review of 50 responsible entities revealed outdated and incomplete compliance plans – some missing key regulatory obligations like DDO and IDR entirely. With investigations now underway, responsible entities must act.

ADIs are navigating regulatory reform, digital transformation, and rising fraud risks by strengthening governance, modernising infrastructure, and aligning strategy with compliance to drive resilience and long-term value.

APRA has proposed eight updates to governance and fit and proper requirements for banks, insurers, and superannuation trustees. Businesses must proactively adapt their governance practices to align with these enhanced standards.

Building a strong personal brand is essential for professional services advisors to gain trust and loyalty from clients. Define your unique value proposition, enhance visibility through LinkedIn and thought leadership, and grow your network through industry events. Consistently investing in your personal brand creates opportunities and strengthens professional relationships.

To position your business for resilience and success as we approach a new financial year, it’s important to consider key trends impacting the banking sector to help you navigate the evolving regulatory and risk landscape.

As the CPS 234 Information Security tripartite review program nears its end in June 2024, APRA-regulated entities face a critical moment. The upcoming CPS 230 Operational Risk Management implementation is closely linked to CPS 234, requiring preparation from regulated entities and service providers.

The transition to Expected Credit Loss (ECL) modelling under AASB 9 revolutionises financial accounting. Success relies on understanding ECL principles, ensuring data quality, robust methodologies, and effective governance.

Discover APRA's proposed new guidelines on Interest Rate Risk in Banking Book (IRRBB) through APS 117, impacting non-significant financial institutions (non-SFI). Learn about key requirements, including risk management framework integration, technology capacity assessment, and data quality evaluation, ensuring compliance and effective risk management.

Read more for insights from the latest APRA statistics and ICAAP reviews highlighting the Australian banking sector's strengthened capital management. Learn key considerations for ADIs to balance risk and growth effectively, including data quality, operational risk focus, and leveraging automation.