Australia’s ANZ Group is under pressure to overhaul its risk-management and corporate culture after an independent review found that staff were reluctant to raise red flags and accountability was weak. The review, commissioned following a record A$240 million penalty from Read More …
Tag: non-financial risk
ANZ Group faces scrutiny over risk-management culture
EY report urges banks to rethink non-financial risk management strategies
A recent EY report titled “Beyond the numbers: Shaping the future of non-financial risk management” highlights the urgent need for banks to modernize their approach to managing non-financial risks (NFR). As banks face increasing pressure from regulators, stakeholders, and the Read More …