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Perspective
European Commission adopts adequacy decision for the EU-US Data Privacy Framework
Last night, the European Commission adopted its adequacy decision for the EU-U.S. Data Privacy Framework.
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Technology
Perspective
Revolut has landed in New Zealand
Barbarians at the gate? I have just done a search on “Revolut New Zealand” across Linkedin and this has only 1 mention.
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Sustainability
Perspective
Meeting Climate Legislative Requirements – Needs to bring a genuine culture and conduct shift
As per the FMA’s latest work programme, two new legislative regimes are coming into effect between 2023 and 2025
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GRC
Risk
APRA in the process of introducing a new prudential standard
APRA is in the process of introducing a new prudential standard (CPS 230) designed to strengthen the management of
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GRC
Risk
Risk creep - How risky behaviour spreads
I’ve done a couple of posts recently that highlight the importance of understanding behaviour and how critical it is to
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Privacy
Perspective
Applying The Privacy Act 2020 in the Digital Age – Infographic
Mosaic has developed a new Infographic which depicts how the Privacy Act 2020 is applied in the digital age...
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GRC
Risk
Non-financial risk will be the regulatory theme of the 2020s
As the understanding of and connection between risk management and behavioural science continues to evolve, it will be
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Funds
Perspective
Are you leveraging your licensed supervisor's independent observations, insights, and knowledge?
MIS managers (i.e., boards and senior management), are you leveraging your licensed supervisor's independent observation
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Funds
Perspective
MIS Managers (ie, Boards and Senior Management), are you leveraging your licensed supervisor’s independent observations, insights, and knowledge?
We have finally digested the FMA’s Managed Investment Scheme Sector Risk Assessment (SRA)...
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GRC
Risk
APRA Risk Culture survey results for Banks
In mid-November 2022, APRA released the results from their most recent Risk Culture survey. The survey was provided...
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GRC
Conduct
Looking for CoFI Guidance this Christmas? Watch The Castle – “It’s the vibe of the thing.”
With the FMA recently releasing its Conduct of Financial Institutions licensing materials, it was a timely reminder...
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Sustainability
Perspective
Climate Related Disclosures become mandatory in NZ – It's all about data
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Privacy
Perspective
The Rise of Privacy Tech (TROPT) Privacy Tech Stack Whitepaper 2022
The Rise of Privacy Tech (TROPT) Privacy Tech Stack Whitepaper 2022 is out.
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Operations
Perspective
What COOs will need to succeed in 2023 and beyond
A few years ago EY published a very good piece of research entitled “the DNA of the COO”. It surveyed a large group of
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GRC
Risk
Pursuing Business Vitality – Get your First Line Assurance sorted and soon!
Financial service businesses across New Zealand face new and unknown risks and, thus, new and untapped opportunities...
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GRC
Risk
Lessons from LEGO for Risk Management
Lego, the coloured plastic brick, needs no explanation – it has existed for more than 60 years, is in every...
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GRC
Conduct
Good conduct is good business
A UK think tank study in 2014 estimated that between 2010-2014, 25% of UK banks’ (ref. 1) pre-tax profits were...
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GRC
Conduct
Righting the Wrong – Customer Remediation
Remediation best practice and pitfalls are once again in the spotlight with the Commerce Commission’s consultation on...
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Banking
Perspective
Negative thinking: how NZ banks are prepping for sub-zero rates
Even before the global economy went viral this March, the Reserve Bank of NZ (RBNZ) was softening up the market for...
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GRC
Risk
On being prepared: how BCPs have worked in lockdown
Despite the ever-present threat of pandemics, and a few trial runs (SARS, MERS and Ebola, for example), he said many...
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GRC
Compliance
The Act is here; now for some action
Just a couple of mooring lines remain to be cast off before the Financial Services Legislation Amendment Act (FSLAA)...
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