As a result of the Royal Commission, more non-banks must now implement BEAR. This post covers how your organisation should view this as an opportunity to improve your overall risk management framework, not as a regulatory obligation.
This is the time for a well-developed, well-embedded and well-operated enterprise risk management framework and processes. It is not a time to throw away risk management thinking. It is a time to bring it into action.
Get practical resources in your inbox every month.
Thought leadership content on risk management, governance and compliance.
Subscribe to the Knowledge Centre
Get the latest thought leadership on risk, compliance, health and safety and internal audit industry trends, challenges, methodologies, and insights. You will receive notifications directly in your inbox once a month.