Managing your compliance and regulatory requirements

David van Gogh, Eugene Ee, Brandon Nguyen & Yash Gurram

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17 Jan 2024
  • Compliance and Regulation

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Regulatory compliance is a key issue for Australian businesses. It’s important for them to meet these requirements in order to build trust with their key stakeholders including customers, shareholders & regulators.

Key compliance focus areas that we’re seeing at the moment include:

  • The new APRA Prudential Standard CPS 230, which sets out minimum standards for the financial services industry around the management of operational risk, including updated requirements for business continuity and service provider management.
  • The new Financial Accountability Regime, which imposes an accountability framework on bank, insurance and superannuation directors and senior executives.
  • The Security of Critical Infrastructure Act, which increases risk management requirements for critical infrastructure sectors, such as energy, telecommunications, water, ports and financial services.

We’re helping clients across these areas in a variety of ways, by:

  • Setting up compliance policies, processes and technology systems;
  • By providing advice on complying with specific obligations; and
  • Undertaking detailed assessments of processes and controls needed to meet these obligations.

Reach out to us to discuss how we can help you work through the compliance requirements that matter to your organisation.

For enquiries, or to obtain information specific to your organisation’s circumstances, get in touch with us today.

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Risk management expectations are evolving rapidly. How well is your organisation equipped to respond?