Managing macroeconomic risks through proactive stress testing
Client alertProactive stress testing to manage macroeconomic risk, strengthen financial stability and banking
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Grant Thornton works with you to assess, design or improve your governance framework or its component parts. This extends from Board effectiveness reviews through to consideration of how decision-making authorities and performance goals are cascaded throughout the organisation to the bottom-up design and delivery of reporting to the Board and Executive.
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Proactive stress testing to manage macroeconomic risk, strengthen financial stability and banking
Grant Thornton worked with AUSTRAC (the federal Anti-Money Laundering regulator) to support the development of their new AML/CTF Starter Kits released this week, designed specifically for Tranche 2 sectors including lawyers, real estate professionals, accountants, and conveyancers.
The Federal Court’s $5.8M ACL decision signals a new era for privacy, cybersecurity, and governance in Australia. It reinforces that privacy and cyber obligations start Day 1 of any acquisition, governance failures will be scrutinised, and accountability cannot be outsourced. Boards must ensure robust oversight, deep cyber due diligence, and forensic incident response. With OAIC escalating regulatory enforcement, organisations face heightened legal, financial, and reputational risks.
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