Australian financial institutions have been criticised for failing to meet public expectations.
However, this is not just a domestic issue. Many modern Institutions do not seem to be effectively managing the risks that come from swiftly changing social attitudes and the power of new social capabilities. Managing these ‘social risks’ needs a fresh approach and the Royal Commission’s report will spark even greater scrutiny of the performance and culture of financial institutions.
What does the Royal Commission mean for you as an actuary and what should you do differently in future? As an actuary working in the modern business environment affected by corporate culture, media pressure, and societal issues, how can you as a professional effectively deal with ethical dilemmas?
Find out how you can drive positive outcomes for your team, your organisation and consumers