Directors’ Forum: Regulators' Insights on Risk Culture





John Price

Commisssioner, Australian Security and Investment Commission (ASIC)

John Price commenced as an ASIC Commissioner on 21 March 2012. In March 2015, John was reappointed for a further 3 years to 20 March 2018.

He has over 15 years regulatory experience in a variety of regulatory roles at ASIC relating to policy making, fundraising, mergers and acquisitions, financial services and products, licensing, insolvency and financial reporting and audit.

John was previously a member of CAMAC, an advisory body to Government on corporate and markets issues and also the Financial Reporting Council, a body providing broad oversight of various accounting and audit-related issues in Australia.

John is a current member of the Council of Financial Regulators, the coordinating body for Australia's main financial regulatory agencies. John is also the sponsor of ASIC's innovation hub, an initiative to help innovative fintech startups offering financial products or financial services in Australia.

Prior to joining ASIC, John worked in the Gold Coast and Brisbane offices of Corrs Chambers Westgarth, a national law firm.

Wayne Byres MAICD

Chairman, APRA

Mr Byres was appointed as a Member and Chairman of APRA from 1 July 2014 for a five-year term.

Mr Byres’ early career was in the Reserve Bank of Australia (RBA), which he joined in 1984. After more than 13 years with the RBA, including a secondment to the Bank of England in London, he transferred to APRA on its establishment in 1998 and held a number of senior executive positions in APRA’s policy divisions and supervisory divisions. In 2004, Mr Byres was appointed Executive General Manager, Diversified Institutions Division with responsibility for the supervision of Australia’s largest and most complex financial groups. He held this role until the end of 2011, when he was appointed to the role of Secretary General of the Basel Committee on Banking Supervision (BCBS), based at the Bank for International Settlements in Basel, Switzerland.

Mr Byres is APRA’s representative on the Payments System Board, the Council of Financial Regulators, the Trans-Tasman Council on Banking Supervision, the Basel Committee and its oversight body, the Governors and Heads of Supervision.

Join APRA Chairman Wayne Byres and ASIC Commissioner John Price for insights on risk culture

Risk culture has been given a lot of attention by regulators in recent years, and it has been front of mind for boards in the financial services world.

Join APRA Chairman Wayne Byres and ASIC Commissioner John Price for a fireside conversation with Ian Laughlin, Chair of the AICD’s APRA Regulated Entities Forum, as he facilitates a discussion on the regulators' views on risk culture. The conversation will include:

  • What risk culture is and why it is given such weight by the regulators
  • What the regulators expect of boards and how they see boards meeting those expectations
  • APRA and ASIC views on current industry practices
  • An opportunity to ask questions and deepen your understanding of how risk culture practices might apply to your board and organisation