Banking

The Banking Practice Committee (BPC):

  • contributes to the strategic direction of the Institute;
  • actively supports the development of actuarial practice through the Institute’s education, CPD, standard-setting, public policy and research activities; and
  • actively identifies and promotes opportunities for members working in banking and facilitates communication and liaison within the profession.

The responsibilities of the BPC include:

  • Identifying new and emerging technical and practice needs of members.
  • Identifying risk exposures for the profession in banking and making recommendations to Council on how to manage these.
  • Maintaining and developing professional education materials, including reviewing the course syllabus.
  • Identifying continuing professional development needs of members and developing CPD programs and opportunities.
  • Identifying potential issues for research and development.
  • Reviewing and developing relevant Professional Standards and Practice Guidelines.
  • Preparing public policy submissions on technical issues affecting banking and on matters of broader public interest, including research activity.
  • Communicating on a regular basis with members (e.g. via e-newsletters and Actuaries Digital articles) on issues and developments affecting banking.
  • Developing links with other actuarial bodies (overseas) and relevant professional and industry bodies.
  • Reviewing existing and identifying new Policy Statements for Council’s ‘Statements of Policy and Procedures’.