The PRWIRE Press Releases https:// 2021-07-26T01:00:14Z Australia's mutual banks bear a heavy compliance burden following Royal Commission 2021-07-26T01:00:14Z australia-s-mutual-banks-bear-a-heavy-compliance-burden-following-royal-commission Australia has around 60 mutual financial institutions providing banking and related services to some 4.5 million Australians. These businesses range in size from less than $10 million in assets to over $16 billion. For many in the mutual banking sector the digital adoption process was already underway prior to the pandemic, enabling a much smoother, more agile, response, and helping to create efficiencies. However, the sector remains resource constrained and continually challenged by the rate and pace of regulatory change still flowing from the Banking Royal Commission and other sources.   This year alone we will see the commencement of:   ·                     new  design and distribution obligations commence October 5th, 2021  ·                     new internal dispute resolution systems commence requirements and systems (RG271 replacing RG165)   ·                     the introduction of a deferred sales model for add-on insurance commence  ·                     changes to anti-hawking provisions, and   ·                     a new breach reporting regime. commence October 1st, 2021  The challenge for the sector is how to triage these requirements along with, or on top of, ongoing compliance programs. This challenge is being dealt with against a background of internal constraints including tight compliance budgets, lack of skilled resources, managing and motivating remote workers, and maintaining a compliance culture in our organisations. GRC Solutions has released their first Financial Services Benchmarking Report. The aim of the report is to provide a view into the current state of compliance in the sector, understand where the current pressures are in the market and where there are opportunities for collaboration and improvement, and to provide a baseline from which the industry can grow compliance capability. A copy of the report can be downloaded here https://www.grcsolutions.com.au/  GRC Solutions launches new Workplace Behaviours eLearning course. 2021-05-17T23:37:34Z grc-solutions-launches-new-workplace-behaviours-elearning-course All employers have an overarching duty of care to avoid exposing their employees to unreasonable and foreseeable risks of injury. As highlighted by recent cases in the media, this duty of care extends to the prevention of harm from sexual harassment, bullying and discrimination. Employers should have regular compliance reporting to ensure employees remain adequately trained and have access to a clear policy setting out how and to whom complaints are addressed. A recent report from the Human Rights Commission found that one in three people experienced sexual harassment at work in the past five years. Respect@Work The Report highlights several negative effects of workplace sexual harassment: ·         staff turnover; ·         negative workplace culture; ·         resource expenditure to deal with sexual harassment; and ·         damages associated with claims brought against a business for sexual harassment. Employees also have a duty under occupational health and safety laws to take reasonable care for the health and safety of their colleagues. Training should ensure that staff are empowered to act in support of their colleagues and know how to report issues they become aware of. GRC Solutions is proud to launch our ground-breaking new course, which aims not only to help you to prevent and address misconduct in the workplace but also to celebrate and support diversity and inclusion.   As UNESCO’s World Day for Cultural Diversity for Dialogue and Development approaches on 21 May, there has never been a better time for everyone to train on the standards of conduct and behaviours that safeguard us all. Backed by powerful case studies, scenarios, and a fresh visual design, it delivers practical tips on how to prevent and address bullying, discrimination, and sexual harassment in the workplace, whether in the office, at home, or off site. For the first time, we ask learners to imagine a higher standard of conduct than just avoiding breaches. A new module on diversity and inclusion covers concepts such as accessibility, cultural competence, and unconscious bias, and shows how we can make our workplaces safe, respectful, and inspiring places for all. •             Module 1: Workplace bullying •             Module 2: Discrimination and sexual harassment •             Module 3: (Advanced) Bullying, discrimination, and sexual harassment •             Module 4: (Advanced) Managing incidents •             Module 5: Diversity and inclusion The content may be taken a combined course or delivered as a series of micro-learning modules scheduled over a number of weeks. The Workplace Behaviour course can be customised to fit your organisation needs.  The course can be deployed via the organisation’s own Learning Management System (LMS) or via the GRC Solutions Salt® Compliance LMS.