How can an organisation ‘future-proof’ its Risk Management Framework (RMF) to remain contemporary, be fit for purpose and be forward-looking through times of uncertainty and change?
Read the key points of APRA Executive Director Superannuation Division, Suzanne Smith's speech at the recent ASFA Spotlight on Risk and Compliance event.
This note is intended to support Appointed Actuaries in their preparation of Financial Condition Reports, as they consider the impacts that the COVID-19 pandemic and shutdowns have had on Non-Financial Risks.
COVID-19 brings a 'new normal' with lots of new issues and more volatility to come in future – societal concerns on the wealth gap, global warming, geo-political uncertainty, digitalisation and changes in how we work. If our most important work is figuring out and addressing problems, then the challenge amidst risk, uncertainty and opportunity is to figure out the question, 'How can we become a problem-solving company?'
