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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
  • Like with all our courses, the (BEAR) training courses are written by experts and powered by world-leading regulatory intelligence, which tracks more than 900 regulators and exchanges globally to ensure the course content is always up to date.

    All our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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