Governance Variables for the Westpac Review Team 2018 and the Westpac Reassessment on Risk Management and Compliance

Francesco de Zwart
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Francesco de Zwart: University of Adelaide

Chapter Chapter 50 in The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia, 2022, pp 1275-1286 from Springer

Abstract: Abstract The concluding Chapter of Part 6, Chap. 50, examines governance variables for the Westpac Review Team 2018 and the Westpac Reassessment on risk management and compliance. This begins with an examination of Westpac Review Team 2018 on non-financial risk appetite, conduct risk management and reputation risk management. There follows the Westpac Review Team 2018 on divisional approaches to manage risk and compliance and embedding group-wide policies. Part 6 concludes with the Westpac Reassessment “CORE” Remediation Program including: Pillar 1 – Direction and Tone set by Board and Group Executive; Pillar 2 – Clear Risk Boundaries for Decision-making; and Pillar 3 – Accountable and Empowered People.

Keywords: Westpac; Non-financial risk appetite; Conduct risk management; Reputation risk management; Divisional approaches to manage risk and compliance; Embedding group-wide policies; CORE remediation program; Pillar 1; Pillar 2; Pillar 3 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1710-2_50

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DOI: 10.1007/978-981-16-1710-2_50

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