OCG

At Tecassa we have been so pleased with our progress since partnering with OCG to assist in distributing our Sentry platform. Sentry is a powerful monitoring and verification system that manages company records, specifically recognising when there is a discrepancy in the data. See more on our website here: https://lnkd.in/dep5TRTz Tecassa recognises that maintaining company records in financial markets is essential to a broker’s regulatory compliance and reputation. Alongside OCG we are providing the leading technical solution to mitigate this challenge. The OCG site includes Tecassa as a Channel Partner, see a Sentry overview here: https://lnkd.in/gehUGt7N

As CPS230 nears, experts from OCG share several key considerations when implementing improvements to risk management » https://lnkd.in/ejDUGtde

OCG's Operational Advisory is well positioned to support APRA regulated entities in their Operational Risk Management CPS230 transformation. Read our practical "First Steps" for CPS230 uplift here: https://lnkd.in/gM_58SBZ "The clock is well and truly ticking for complete implementation and navigating these new standards poses a necessary, but understandably daunting, task." OCG are here to help, each and every step of the way. #riskmanagement #advisory #regulation

There's still time to register! This Wednesday James Dickson will share actionable insights for practitioners around Wholesale Clients, hosted by the Stockbrokers and Investment Advisers Association. 💡 What are basic requirements firms should be complying with? 💡 What are key day-to-day considerations for advisors? 💡 What steps can industry participants make, to prepare for potential regulatory change? Sign up now: https://lnkd.in/gay_wtMw #stockbroking #financialservices #webinar

According to the current Individual Wealth Test (Corporations Act 2001) an estimated 43% of Australians could be eligible as 'Wholesale' or 'High Net Worth' clients by 2041, due to rising incomes and property values. Findings from the Review of the Regulatory Framework for Managed Investment Schemes are expected end of this year, which should hopefully shed light on potential changes to wholesale investors classification. https://lnkd.in/g-5fqxbz For AFSL providers and consumer protections, the growth in this designation has notable impacts. Read more our article in the SIAA August Monthly:  https://lnkd.in/gwbyvrSK #wealthmanagement #wholesaleclients #consultancy

OCG have shared our insights on ‘Redefining Wholesale Investors in Australia’ in the Stockbrokers and Investment Advisers Association Monthly. Under the current asset tests 43% of Australians will qualify as ‘High Net Worth Clients’ in less than two decades due to rising incomes and property values – posing significant considerations for the wealth management sector. Read more from James Dickson on potential reform that is a real possibility following the 2025 Federal Election. https://lnkd.in/gwbyvrSK #wealthmanagement #reform #financialservices

This enforcement trend from ASIC is not just going to go away. ESG data is hard to work with, is often unexpectedly subjective and is regularly misunderstood. A lack of a strategy in this space, considering all the risks of the data you are working with, puts you at heightened risk of enforcement action. This week OCG is meeting a number of broking firms, investment managers and trustees, with Daniel Kennedy on this exact topic. Don’t ignore this issue, get onto it before you or your team make an error, drawing significant attention and fines.

Last Friday 18 July, Operational Risk Management (CPS230) was abruptly brought into the limelight for businesses amidst the CrowdStrike outage. https://lnkd.in/gvkEKpv9 CPS230 outlines clear expectations for APRA members for identifying and managing critical incidents and service providers. Technology is critical in delivering services for customers and fundamental in operating risk models. Core changes to prepare for in CPS230: ✔ Identifying critical operations and building operational risk profile  ✔ Defining, testing and review of risk tolerance levels  ✔ Management of Material Service Providers  ✔ Senior Management Accountability Planning is crucial now for effective implementation by 2025. In cases such as the CrowdStrike outage, CPS230 aspires to enhance an organisation’s ability to withstand, adapt to, and recover from an operational-risk related event. OCG offers operational advisory to assist financial services partners to respond to these new regulatory standards outlined in APRA's Prudential Practice Guide CPG 230. Speak with us today. https://lnkd.in/gPiXYXA5

The Muntok Peace Museum opened in 2015 and OCG are delighted to support the maintenance of this important landmark in Indonesia, preserving the history of the war years in Muntok, Palembang and Belalau camps. The Museum was established in memory of the lives lost in WWII sea battles across the South China Sea and the Bangka Strait off Bangka Island and those who died in prisoner camps in Muntok. Read more here: https://lnkd.in/gNFAwQHB OCG were happy to contribute to the replacement of the Museum's roof and indoor and outdoor repainting. #donation #positivecontribution #socialengagement

OCG are proud to support the diverse challenges and opportunities of our banking clients. Thank you Consultancy Australia for this recognition.