over-reliance on external-compliance and risk-management consultants

Investment Strategy

ASIC calls for better risk management

Corporate regulator, the Australian Securities and Investments Commission (ASIC) has emphasised the importance of risk management in the funds-management industry after a “proactive review” found that the “sophistication of risk-management systems varied greatly.” “While they generally had adequate risk-management systems adapted to the nature, scale and complexity of their financial services businesses, we observed that […]