Course Overview
Australia has one of the most regulated financial industries
in the world. These regulations shape bank employees’ responsibilities, governing how you work and what your role entails. In this module, we'll explore the major financial regulators, how they enforce legislation, and what we must do to meet our obligations.
This module has audio and an assessment.
Learning Objectives
After completing the module, you'll be able to:
- Articulate the importance of preventing regulatory breaches
in the banking industry; - Define the key regulators in the banking sector, including
APRA, ASIC, AUSTRAC and the OAIC; - Describe the roles and focus of each regulator;
- Identify the key obligations of financial institutes in
conduct and reporting; - Identify your responsibilities as a bank employee;
- Describe the policies and procedures that support you in
meeting regulatory obligations; - Explain the process of escalating an incident, such as a
potential breach of regulations.
