November
APRA warns banks of looming lending curbs to reduce housing debt risks
The prudential regulator said it had found “signs of a pick-up in higher risk lending” and is engaging with the big banks on new rules to slow it down.
ANZ’s risk failure is so shocking because we’ve heard it all before
The bank’s report has uncovered one of the most embarrassing indictments of leadership since the banking royal commission and shows it hasn’t learnt from the past.
October
Andrew Roberts slams ‘ruthless’ clients for building company collapse
In his first on-record interview since Roberts Co failed, the former Rich Lister says unfair allocation of risk led to the end of his contracting business.
Pressure rising for private credit, Andrew Roberts warns
The former Rich Lister, whose exit from construction frees him up to devote more time to real estate investing, says problematic loans will hurt investors.
ASIC halts private credit scheme over disclosure concerns
The corporate regulator has issued interim stop orders to prevent any retail investors from pouring money into products promoted by non-bank lender TruePillars.
September
Cultural change at ANZ will take years, experts warn
Regulatory experts say Nuno Matos will have to outline real measures to reset the bank’s culture if he wants to get the prudential regulator off his back.
ASX warned of further punishment if risk failings not addressed
A new report by the RBA slams the ASX’s response to risk management failings that have put it under intense scrutiny by regulators.
Week of political turmoil confirms this credit titan’s biggest fear
Glenn August is paid to worry, but sees little risk in financial markets; the real dangers are geopolitical, a view confirmed by the market’s reaction to Charlie Kirk’s death.
August
Risk culture lacking at Mercer’s $80b super fund
Mercer Super has all the signs of success with one million customers, top quartile returns and low fees. So why are ASIC and APRA crawling all over it?
ANZ hires Les Vance for key compliance role amid ongoing scrutiny
The big four bank’s new chief executive, Nuno Matos, is expected to make several other key hires in coming weeks as he finalises his new front bench.
ChatGPT is not your friend. Be careful what you tell it, lawyers warn
People are sharing everything from their payslips, to blood results and relationship problems with AI – but experts say the risks are high.
British giant Howden says 70pc of Australian business underinsured
Cyberattacks and climate change are putting more businesses at risk of disaster, but a staggering number of Australian companies are unprepared.
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.