Risk and Compliance

Risk and Compliance

Compliance and risk management for financial services

Risk and Compliance is a fundamental component of financial services. With a growing set of regulatory and operational compliance requirements, organisations are under increased pressure. Today compliance goes beyond regulation. Society demands rigorous standards of integrity in financial services and internal control. The compliance function is an integral part of the corporate governance structure, augmenting and strengthening other aspects of control and risk management.

Regulatory liabilities can be significant, so organisations look for ways to protect themselves as enforcement becomes more assertive.

What is compliance?

Compliance is the provision of services that facilitate an organisation identifying and meeting its obligations whether they arise from laws, regulations, contract, industry standards, or internal policy. Achieving effective and efficient compliance requires:

  • commitment and leadership from the Board and the CEO
  • analysis of requirements and identification of risks, requirements and exposures
  • development of systems and procedures
  • the creation of an organisation-wide compliance culture.

Why is compliance important?

Sound governance is the cornerstone of compliance.

For us to have confidence in our financial institutions, in the suppliers of products and service we consume, in the actions of Government authorities, we must be able to trust that the organisations we deal with uphold the laws and values of our community – whether it is a massive multi-national, public utility, local council, small business or sole trader.

Compliance is not simply about meeting one’s legal obligations. Nor should it be a monolithic, unproductive system that unreasonably burdens organisations.

A properly implemented compliance system seamlessly integrates compliance, risk management, governance and ethics into the fundamental business processes, reducing risk and improving quality workflow.

Get in touch when

  • It’s time to review, top-up or shake up your training to engage your learners.

  • You want to ensure your employees are adequately trained and supported in their roles.

  • You want to stay on top of regulatory changes and future operating environments.

  • You value your team and want them to grow and stay.

Contact Us

Regulatory News

View More
  • 25 March 2024

    APRA publishes Member Therese McCarthy Hockey’s remarks to COBA CEO and Director Forum

    The Australian Prudential Regulation Authority (APRA) has published remarks delivered...
  • 21 March 2024
  • 14 March 2024

    APRA and ASIC release a cross-industry information package on the Financial Accountability Regime

    The Australian Prudential Regulation Authority (APRA) and the Australian Securities...
  • 11 March 2024

    Better coordinated financial sector regulation

    The current Federal Government will introduce a financial sector regulatory...
  • 15 February 2024

    APRA publishes Chair John Lonsdale’s Opening Statement to the Senate Economics Legislation Committee

    The Australian Prudential Regulation Authority (APRA) has published Chair John...
  • 5 February 2024

    APRA and ASIC release letter on the Financial Accountability Regime (FAR) ADI commencement and implementation

    The Australian Prudential Regulation Authority (APRA) and Australian Securities and...
  • 2 February 2024

    ASIC accepts court enforceable undertaking from buy now, pay later provider Elepay

    ASIC has accepted a court enforceable undertaking from buy now,...
  • 1 February 2024
  • 31 January 2024
  • 31 January 2024

    APRA outlines 2024 supervision and policy priorities

    The Australian Prudential Regulation Authority (APRA) has published its supervision...
  • 17 November 2023

    ASIC consults on ABA’s proposed changes to the banking code

    ASIC has opened its consultation on the Australian Banking Association’s...
  • 15 November 2023

    ASIC targets misconduct in superannuation sector

    ASIC will look to take strong, targeted enforcement action in...
  • 13 November 2023

    ASIC calls for greater organisational vigilance to combat cyber threats

    ASIC calls on organisations to prioritise their cyber security after...
  • 10 November 2023

    HESTA trustee pays infringement notices for misleading marketing

    ASIC has taken action against H.E.S.T. Australia Limited (HESTA), the...
  • 9 November 2023
  • 27 October 2023

    October Corporate Publications

    Coinciding with AGM season, in recent weeks financial services regulators...
  • 13 October 2023

    APRA publishes 2022-23 Annual Report

    The Australian Prudential Regulation Authority (APRA) has published its Annual...
  • 13 October 2023

    Regulatory favourites October 2023

    With spring now in full swing, here is our latest...
  • 12 October 2023

    APRA publishes Member Suzanne Smith’s speech to ICA Annual Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...
  • 12 October 2023

    APRA publishes Chair John Lonsdale’s speech to Citi Australia and New Zealand Investment Conference

    The Australian Prudential Regulation Authority (APRA) has published a speech...