June
Rest Super staff surveys suggest risk problems, poor staff morale
Nearly half the $93 billion superannuation fund’s investment governance team was considering quitting within two years, confidential data shows.
May
Macquarie executive bonus cuts under scrutiny after ASIC action
Experts say the reductions to management payouts are “tokenistic” after the regulator alleged the company had poor risk management and compliance systems.
This is the biggest test for Macquarie since the GFC
It is critical the board does not underplay the huge cultural turnaround that the bank must confront, which could prove tougher than the post-GFC rebound.
‘Complacency and hubris’: Macquarie must heed ASIC’s warning
There is a huge disconnect between Macquarie and corporate cop Joe Longo over the group’s risk culture. Macquarie must heed the warning.
Has Macquarie lost its risk management mojo? This is a wake-up call
The group’s longstanding track record as a prudent risk manager has been tarnished and ASIC’s missive should reverberate through the organisation.
AI can spot threats before they happen
Australian organisations are drawing on improved technologies to alert them about when and how they need to act.
How this company succeeds despite the inevitability of ‘failures’
Online travel agency Webjet OTA is building resilience into its operations from the outset.
Third-party risks are no longer someone else’s fault
In this hyper-connected world it’s important to remember that ensuring the protection of data along the supply chain is essential.
Cultural resilience key to dealing with crisis
Massive digital disruptions have driven home the need for training and systems to ensure businesses – and all their staff – can instantly respond to outages.
April
Roberts will expand into residential builds: CEO Emma Shipley
The latest shake-up in Australian construction adds a new player to the building pool, but does little to reduce risks of the sector with razor-thin margins.
Australian fintech Demyst snapped up in $157m acquisition
Demyst, which counts ANZ, NAB and Standard Chartered among its clients, has been bought out by a private equity-backed Portuguese firm
Macquarie Bank mysteriously disappears from APRA bio
The watchdog, like Macquarie, seems to be trying to scrub last year’s fake trades scandal from the record.
March
Former PwC colleagues’ tech firm lands $445m PE deal
PSG Equity has bought out most of Protecht, a 25-year-old Sydney software company.
Victoria counts the cost of rising insolvencies
Construction across the nation has struggled with higher costs, shortages and delays. But Victorian insolvencies are rising the fastest among the big states.
Administrators, developers comb through Roberts Co wreckage
The Victorian builder put into administration late on Friday had eight live projects and as many as 16 still in the warranty period, early indications show.
December 2024
My fraud cost $US1b. Now I’m calling out Macquarie
The rogue trader that cratered the UK’s oldest bank 30 years ago says the conduct of Travis Klein shows compliance is still a huge problem.
October 2024
CBA shuffles executive team as it looks for next generation of leaders
Andrew Hinchliff will become chief risk officer and Sinead Taylor will run the institutional bank, amid other leadership changes unveiled on Wednesday.
August 2024
How geopolitical tension is changing ANZ and its clients
Geopolitical risk is hitting boardrooms with a bang, with ANZ the first of the big four banks to create a specialised unit.
The banker and the builders want subcontractors to get Paid
Former Bendigo Bank boss Mike Hirst has invested in an app that could protect subcontractors – and shake up the lucrative market for building contracts.
July 2024
The new risk lurking in banks’ commercial real estate lending
While working from home is a known risk for office towers, Citi highlights a new pressure point for lenders – the growing cost of the energy transition.