All Australia articles
-
AnalysisA lot of us are misusing AI at work, and it’s putting our companies’ data, reputations at risk
Almost half of employees in a new global survey admitted to improperly using AI at work, underscoring the risks companies face by the fast-growing technology. And that’s despite many of their efforts to slow its use.
-
News BriefPCAOB fines KPMG units $3.4M, PwC Singapore $1.5M for audit, independence violations
Nine affiliates of KPMG agreed to pay a total of nearly $3.4 million for alleged violations of audit and quality control standards, while PwC Singapore will pay $1.5 million to settle separate allegation that the firm manipulated independence compliance reporting.
-
Blog
Australian Retirement Trust names CRO
Australian Retirement Trust announced the appointment of Darryl Burke as chief risk officer, effective Mar. 17.
-
Blog
Acis promotes legal chief as CEO
Acis, a provider of business and investment structures and restructures, appointed Chief Legal and Operating Officer Emily Pritchard as CEO, effective Jan. 20.
-
News BriefFCA fines Macquarie Bank $16M for control failures that allowed fake trades
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
-
Blog
ASX announces interim risk chief
Australian Securities Exchange announced the appointment of Leanne McDougall as its interim chief risk officer.
-
Blog
Philips & Cohen announces global GC
Phillips & Cohen Associates, deceased account care management and technology solutions provider, announced the appointment of Chris Lagow as its new global general counsel.
-
Blog
Aristocrat Leisure names legal chief
Aristocrat Leisure Limited announced the appointment of Anne Tucker as chief legal officer.
-
Blog
CBA announces group risk chief
Commonwealth Bank announced that Andrew Hinchliff has been appointed group chief risk officer.
-
Blog
ASX risk chief to retire
ASX’s Chief Risk Officer Hamish Treleaven has announced his intention to retire.
-
News BriefSEC penalizes Macquarie Asset Management $80M for overvaluing assets, fraud
Historically, the SEC has fiercely protected the rights of retail investors, and is constantly churning out enforcement actions against investment advisers it alleges have defrauded and manipulated its customers. So, it was somewhat unusual the agency issued an enforcement action this week that involved protecting the rights of institutional investors.
-
Blog
MLC Life Insurance names CRO as customer, strategy chief
MLC Life Insurance appointed its Chief Risk Officer Jane McGovern as chief customer and strategy officer.
-
Blog
Zurich Australia appoints CRO
Zurich Financial Services Australia has appointed David Wainwright as the new chief risk officer for Australia and New Zealand, effective Jan. 6.
-
Blog
Equity Trustees names risk chief
Equity Trustees announced the appointment of Nevein Versace as chief risk officer, effective Sep. 23.
-
News BriefAustal reaches $49M deal with DOJ, SEC over accounting, securities fraud, false claims
The U.S.-based subsidiary of Australian defense contractor Austal will pay $48.8 million in fines and restitution to settle allegations that it committed accounting and securities fraud, misled federal auditors, and violated the False Claims Act.
-
Blog
Guardians promotes head of risk to chief risk officer
The Guardians of New Zealand Superannuation, manager of the $76.6 billion NZ Super Fund, promoted Head of Risk Michael Mitchell to chief risk officer.
-
Blog
QBE Insurance announces risk chief for Australia Pacific
QBE Insurance announced the appointment of Ed Rainsford as chief risk officer, Australia Pacific.
-
PremiumDe-risking trend threatens global financial markets, Treasury official warns
As the United States and other Western countries turn the screws on criminals, hackers, terrorist organizations, and sanctions evaders attempting to access global financial markets, financial institutions could respond by reducing their connections to risky sectors, according to Treasury Under Secretary Brian Nelson.
-
News BriefSkyCity Entertainment bracing for nearly $50M in AML penalties
Australian gaming company SkyCity Entertainment Group faces nearly $50 million in penalties for admitted breaches of anti-money laundering and countering financing of terrorism obligations in Australia and New Zealand.
-
Blog
IAG appoints group general counsel
Insurance Australia Group announced the appointment of Robert Cutler as group general counsel. Separately, IAG New Zealand confirmed Rachael O’Brien as chief risk officer.