This video of 4 minutes 30 seconds is a brief overview of current compliance risks and likely further regulatory changes in 2016.

The themes of consumer protection, competition, risk management and technology change will continue in the second half of 2016.

Notwithstanding the election result, there will be further regulation of financial advisers and life insurance commissions.

Cyber resilience, the way companies deal with data breaches and privacy security, is an important issue.

ASIC is continuing its surveillance and enforcement programs and is emphasising the importance of corporate culture as a factor in compliance.

ASIC has commenced litigation against some of the major banks alleging manipulation of the bank bill swap rate (BBSW). This will keep bank culture in the media, whether or not there is a royal commission into banks.