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|Title:||Professional Development Update|
|Publisher:||Institute of Public Works Engineering Australasia Queensland|
|Abstract:||The recent Australian Prudential Regulation Authority (APRA) report of the Prudential Inquiry into the Commonwealth Bank of Australia (CBA) has highlighted that the risk culture in the CBA leaves a lot to be desired. Decisions have been made and risks taken that do not provide a fair outcome to all stakeholders. The report states the CBA has failed to meet the community’s needs and the standards expected of a systemically important bank in Australia. It also noted that Risk Management must avoid being process focused, but instead, be outcome focused to ensure the business is not “consumed by process”.|
|Appears in Collections:||Professional Development Articles|
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