Online training
Banking Executive Accountability Regime (BEAR)
The purpose of this course is to raise awareness of the new regulations in Australia, known as the Banking Executive Accountability Regime (BEAR). The training seeks to inform participants of their responsibilities under the new regime to ensure that banking practices are aligned with expectations.
Geography Covered: Australia | Duration: 1 hour
Summary
In 2018, following years of scandal in the Australian financial sector, a government-backed inquiry (known as the Royal Commission) was conducted to investigate instances of misconduct. From the results of the Royal Commission, the Australian government developed a better understanding of the weaknesses in the financial sector. The Banking Executive Accountability Regime (BEAR) was implemented to help address some of these weaknesses.
The topics covered in the course include:
- Introduction to BEAR
- Regulatory Requirements
- Accountability Obligations
- Key Personnel Obligations
- Remuneration Obligations
- Notification Obligations
- Consequences of Breach
- Preparing for BEAR
- Regulations in Other Jurisdictions
Try a course and see how easy it can be to keep your employees up to speed