CBA and Crown Casino: Tales of Risk Governance Failures
Date and time: 13 April 2023, 6pm (AEST)
Location: University of Sydney, Law Foyer, Level 2, New Law Building (F10), Eastern Avenue, Camperdown Campus.
The event involves seminar from 6-7pm, followed by drinks and canapes.
About this seminar
In this presentation Dr Vicky Comino reflects on the regulatory treatment of the CBA and Crown Casino and examines the challenges of addressing financial crime in corporate settings. She uses the investigations into the Commonwealth Bank of Australia and Crown Casino as case studies to consider the link between organisational culture, wrongdoing and regulatory treatment with a view to drawing out lessons for regulators and other sectors beyond banking and gaming. Mr Jamie Kelly joins Dr Comino to reflect on what ‘good’ risk governance looks like, drawing on global regulatory experiences in risk culture, compliance and anti-money laundering and counter-terrorism financing (AML/CTF).
About the speakers
Dr Vicky Comino
The University of Queensland
Dr Vicky Comino has enjoyed a long career as an academic in the Law School at the University of Queensland. Vicky teaches corporate law and is recognized as a leading corporate law scholar. Her book, Australia’s ‘Company Law Watchdog’: ASIC and Corporate Regulation, published in 2015 is the definitive text on corporate regulation in Australia. She is regularly sought out for media comment, to present at conferences and invited to make submissions and provide input through involvement in consultation processes to government on key law reform initiatives. Her work has also been cited by the courts (eg, in the notorious James Hardie litigation which determined in the High Court of Australia) and in government reports (eg, the Final Report of the recent Banking Royal Commission), demonstrating her ability to produce research with real world impact.
Before joining the academy, Vicky practiced as a solicitor in a top-tier legal firm in Brisbane. She has maintained her professional links with the legal profession and with industry, including serving on the Executive (since 2012) and as Chair (since 2016) of a major Queensland Law Society Committee for the accreditation of Business Law Specialists.
Jamie Kelly
Associate Partner, EY
Jamie specialises in Compliance and Conduct risk management in EY’s Financial Services Consulting practice in Australia. Jamie brings a depth of insight and lived experience to support organisations in achieving sustainable compliance and fair customer outcomes. Jamie has deep practitioner knowledge of risk management, including frameworks, risk appetite, governance, policies and procedures, risk taxonomy, obligations, monitoring/surveillance, as well as supporting technology. He is experienced in navigating complex regulatory change and substantial regulatory interactions both domestically and internationally, including responding to Enforceable Undertakings. Prior to EY, Jamie was Chief Compliance Officer at Westpac, with responsibilities for compliance, conduct and financial crime. Jamie also spent a decade in Singapore, where he was the Global Head of Legal and Compliance Standard Chartered Bank. Jamie started his career as a lawyer at Freehills. Jamie holds a Bachelor of Commerce and Law (Hons).