ERM bulletin, November 2013

The latest developments across the rapidly evolving field of enterprise risk management. For institutions across the insurance, banking and superannuation industries that are regulated by the Australian Prudential Regulation Authority (APRA), numerous recent developments in prudential standards have kept everyone extremely busy. Almost a year has elapsed since the new standards took effect, and executives are now realizing that embedding the risk management frameworks that underpin these standards, and then leveraging the frameworks to deliver real business value, will present significant challenges. From risk culture through operational and strategic risk to emerging risk, risk managers still have their work cut out for them.