ASIC’s Corporate Governance Task Force today, 2 October 2019, issued its report on Director Oversight of Non-Financial Risk (NFR). The report’s findings underline the critical observations made by Commissioner Hayne in February this year on the widespread challenges faced by Boards and Senior Management in managing NFR. ASIC reviewed the practices of seven of the … Continue Reading
APRA’s recently released Information Paper, regarding the recent self-assessments undertaken by financial institutions, indicates focus areas for APRA in the upcoming period of regulatory supervision. APRA called for self-assessments on a range of ADIs, insurers and super funds and asked those entities to assess their present capabilities in non-financial risk management as well as in … Continue Reading
