RMA Newsletter - July 2013


July 2013


The RMA Events subcommittee under the leadership of KPMG’s Mike Ritchie has worked strongly in the last few months to develop an outstanding program of speakers for our Monthly Events. Thus far this year we have convened events on Networking, China’s Regulatory Risk, Commercial Property Prospects, NAB’s Break Up and last week on Wealth Management - our first foray into this area of financial services and risk management.

It is good to see new faces at RMA events and also to meet with returning members. In the last two rounds of events in Sydney and Melbourne we have recorded a significant increase in ‘no shows’. If you know that you will be unable to attend, please advise us via email at events@rmaaustralia.org or SMS to 0403 170 792.  While we are required to provide final catering numbers 1 week prior, we do provide our final update the day prior to our event following our reminder email to delegates.  It is never too late to advise us, and that way we can keep our costs to a minimum.

July Events

Our July events will be hosted by ANZ in Melbourne (16 July) and CBA in Sydney (18 July).

The keynote speaker in Sydney, ABA CEO, Steven Munchenberg, will address ‘Managing reputational risk during interesting times’. With the Federal Election less than 90 days away it will be interesting to hear Steven’s take on the post-election environment.

Melbourne’s event will feature the chair of the Senate Economics Reference Committee, Senator David Bushby. The Bushby committee has reported on the state of Australian banking post the GFC and also on the competitive state of banking.

In a very recent development Senator Bushby has been given the task of chairing the Senate inquiry into ASIC.

August Events

Westpac will host the RMA’s August events in both Sydney and Melbourne.  Here we look forward to hearing from one of Westpac’s leading economists as they present on growth in savings, investments, lending, the AUD and economic growth.

Two new Interbank Forums – Wealth and Compliance

The RMA Governing Committee has established two new interbank forums (in addition to the Operational Risk and Infrastructure Risk forums).  The intention is to convene three or four meetings per year, and that member companies should be able to nominate one representative to attend these meetings. The Compliance Forum on Risk chaired by CBA’s compliance risk head, Cassandra Williams, met in June 2013 with five institutions in attendance. It will again meet on 24 October 2013 in Melbourne. If your company is eligible to attend this forum please contact the RMA asap via email to secretariat@rmaaustralia.org.

The second new interbank forum will be on Risk and Wealth Management Issues with BTFG Head of Risk, Royce Brennan, as the host. With issues such as Super Stream, FoFA, new tax arrangements, and Stronger Super all impacting the risk coefficient, this interbank forum will be of particular interest for those members with Wealth Management businesses.

RMA’s newest member

RMA welcomes Arab Bank as its newest member. The CRO of Arab Bank Australia, Chris Mason and his team are welcome additions to the RMA network.

RMA AGM 2013

The 12 August 2013 event in Sydney at Westpac will be preceded by the RMA AGM. The relevant papers will be forwarded to members in coming weeks.

Not a member of RMA or do you need to renew your membership?

RMA’s membership year runs from April to March. To attend RMA events you will need to sign up as a member. For just $50 you can be eligible to attend these events and networking opportunities. Please click here to renew your membership or to join as a new member under the banner of your banks membership.

Robert Molyneux

Chairman and

Richard Gilbert  

Executive Officer (mobile: 0417 247 998) 

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