The Standard

The Standard is a bi-monthly publication to snapshot financial services regulatory issues and the opportunity to contribute to policy development and submissions.

The First Word

by Chris Whitehead | 24 Oct 2017

I am pleased to welcome you to the latest edition of The Standard, a FINSIA service published alongside InFinanceThe Insights Review and JASSA. As a professional institute, we care deeply about research and policy matters and ‘The Standard’ aims to keep you both informed on these topics and to provide you with the opportunity to share your insight. Chris-Whitehead - CEO, FINSIA

Of critical importance to our industry is the implications of the Banking Executive Accountability Regime (BEAR) and what form the new accountability regime will have over our industry. After consulting with Senior FINSIA members, FINISA made a submission on the Exposure Draft of the legislation.  To find out more information, you can access our submission here.

FINSIA in partnership with AB+F are proud to be part of the 2017 Young Finance Professional Awards. In its 4th year, these Awards are designed to recognise and celebrate the finance industries brightest professionals and were open to professionals aged 35 and under. Candidates will be judged based on their contribution to their organisation and the industry in many areas. As a lead partner in the awards, we have worked to refresh the categories and are delighted to recognise a broad range of financial service contributions and a focus on the key areas of professionalisation. 

FINSIA Australian Young Finance Professional Award categories are: 

  • People and Culture Young Professional of the Year;
  • Young Retail Banking and Finance Marketing and Communications Professional of the Year;
  • Young Commercial Banking and Finance Relationship Manager of the Year;
  • Young Banking and Finance Risk Professional of the Year;
  • Product and Proposition Young Professional of the Year;
  • Customer Experience and Channel Young Professional of the Year;
  • Customer Insights and Analytics Young Professional of the Year;
  • Operations Project & Leadership Young Professional of the Year; and
  • Technology and Innovation Young Professional of the Year.

Robert Dickie, President of Chartered Banker Institute (CBI) is here now visiting Australia. During Robert’s visit, we have organised seminars in Sydney, Melbourne, Auckland and Wellington, ‘Restoring Reputation and Trust in Banking - Lessons from the UK’. During these seminars, Robert will provide detailed insight into how CBI has been working across the sector towards setting the global benchmark for competency, culture and conduct by promoting professional standards and qualifications for bankers. We believe these seminars will be an exciting opportunity to gain a global perspective on the concept of trust and explore how to identify and influence triggers affecting our markets.
Additionally, we have had some recent changes at FINSIA Board level. Warwick Negus has resigned from FINSIA’s Board, effective 22 September 2017 and Ian Pollari has been appointed to FINSIA’s Board on 13 October 2017. Please join us in thanking Warwick for his important contribution to FINSIA and welcome Ian to help take FINSIA on the path that supports the professionalisation of the financial service industry. 

Furthermore, in the acknowledgement of changes, we extend a thank you to Greg Medcraft who is the retiring Chairman of The Australian Securities and Investments Commission (ASIC) and welcome James Shipton who will be commencing in his new role as the new ASIC Chairman in February 2018.


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