Thoughts, and Observations

Singapore Banking Leaders Highlight WFH Risks

6th Mar, 2021

Image credit The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have jointly published a paper on managing new risks…

Australia to Promote Whistleblowing to Curb Financial Sector Misconduct

4th Mar, 2021

The Australian Securities and Investments Commission (ASIC) recently released an immunity policy for serious offenses, including market manipulation. Under ASIC’s new immunity policy individuals who…

Harnessing Psychological Safety to Overcome Lockdown-Fatigue

1st Mar, 2021

Image credit Many staff at financial companies have been working from home in an effort to fight the COVID-19 pandemic. Now, the staff at financial…

Reminder: Starling’s 2021 Compendium is Coming Soon

25th Feb, 2021

The 2021 Starling Compendium is coming soon! Our annual summary of regulatory activities and priorities regarding Culture and Conduct Supervision in the Banking Sector has…

Register to Join a Discussion on Risk Management with Australia’s FINSIA and NAB

23rd Feb, 2021

Banks and financial institutions across the world have been facing persistent reputational difficulties, triggered by a series of misconduct events. A firm's culture is now…

Covid makes Culture Critical

19th Feb, 2021

As COVID-19 has shifted how leaders interact with employees, and how coworkers connect with one another, company culture has grown in importance. Recent, high-profile culture…

SEC to Step up Enforcement Efforts

16th Feb, 2021

The U.S. Securities and Exchange Commission (SEC) will give enforcement staff greater powers to launch investigations at firms, in a sign that the agency plans…

Regtech Initiatives at Australia’s ASIC

16th Feb, 2021

In a recent report, the Australian Securities & Investments Commission (ASIC) explores how the RegTech market is developing in terms of speed, size, and capability…

Credit Suisse Accused of Willful Blindness to Fraud

16th Feb, 2021

Bank regulators show little patience with willful blindness to misconduct. In a recent example, Swiss regulators have sanctioned Credit Suisse, where executives appear to have…

Wirecard Scandal Drives Reform of German Bank Regulator

15th Feb, 2021

As part of a wide-ranging reform triggered by the Wirecard scandal, Germany will create a special financial task force responsible for forensic audits of companies…

UK Directors Face Tough New Liability Rules

12th Feb, 2021

Directors will be held personally responsible for the accuracy of their company’s financial statements — and may face punitive fines and industry bans in the…

Citi: New Team to address Risk & Accountability

11th Feb, 2021

Jane Fraser, incoming chief executive at Citi, has created a new global operating team aimed at improving risk management and individual accountability among its top…

Starling Advisor James Freis on Lessons Learned at Wirecard

9th Feb, 2021

Starling Advisor's James Freis was pleased to join Wirecard, where he hoped to help lead the company in promising new directions. Due to join the…

Amy Edmondson: A Time for Trust

8th Feb, 2021

Our advisor, Harvard’s Amy Edmondson, recently contributed to an article on MIT Sloan, in which she highlights issues around leadership and public trust. Given the…

AML/CFT: RegTech Case Studies from the Hong Kong Monetary Authority

27th Jan, 2021

The Hong Kong Monetary Authority (HKMA) recently published a new report highlighting the opportunities that RegTech offers to transform the effectiveness and efficiency of AML/CFT…

Companies Brace Themselves for New ESG Regulations Under Biden

22nd Jan, 2021

Image credit Companies are bracing for more robust regulation under the incoming Biden administration, and most can expect new requirements in financial disclosures, specifically relating…

Singapore’s SGX RegCo to Focus on Shaping Culture

18th Jan, 2021

The right goal for a regulator is to shape a marketplace where the regulator’s presence is hardly felt or necessary and — for this &mdash…

The UK FCA’s Jonathan Davidson on culture, risk and purpose

22nd Dec, 2020

Photo credit In a recent speech, Jonathan Davidson — the FCA’s outgoing executive director of supervision — discussed the topic of “purposeful culture.” Davidson noted…

Hong Kong: Expect to see Regtech adoption in the new year

18th Dec, 2020

As Covid-19 continues to transform business and operating models, the application of regulatory technology – or ‘Regtech’ – will present significant growth opportunities for banks…

Singapore has to raise auditing standards, says MAS chief

11th Dec, 2020

Singapore needs to raise its auditing and accounting standards to boost the nation’s environmental, social and governance (ESG) credibility following a series of corporate scandals…

Poor risk governance leads to scathing rebuke for Westpac

9th Dec, 2020

In an excoriating nine-page Enforceable Undertaking (EU), signed by Westpac chairman John McFarlane and chief executive Peter King, the Australian Prudential Regulation Authority (APRA) said…

Managing Complexity: Ed and Peter Schein on Culture

8th Dec, 2020

In a recent interview, the renowned organizational psychologists Ed and Peter Schein discussed their thoughts on leadership and corporate culture. Ed made the point that…

JP Morgan fined for risk management failures

30th Nov, 2020

JPMorgan Chase & Co has agreed to pay $250 million for risk management and other control failings, in the second penalty for the bank in…