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Connexus : Issue 38
pooled or aggregated models to accommodate smaller banking institutions, saying it may be an avenue for some credit unions and building societies to diversify their sources of funding in the future. abacus also argued strongly for the continuation of a higher cap for the deposit guarantee under the Financial Claims Scheme in the face of the push by the major banks to lower the cap to $100,000. The announcement of the permanent cap of $250, 000 to apply from 1 February 2012 is a strong result in the face of this opposition. While Greater Building Society favoured the cap staying at $1 million, Magin says that at $250,000, “we’ve probably done very well.” Risks and opportunities as well as the risks of “mutual www.abacus.org.au 31 31 www.abacus.org.au FEATURE Connexus CEO SURVEY How important are corporate responsibility and sustainability? 29.8% 31.9% 36.2% 2.1% Very important Important Am interested but have other competing priorities Not interested AdelAide i melbourne i sydney i oxford InformatIonSecurity i BusInesscontinuity&recovery It’s not just about fInance. Only the foolhardy think risk management is all about financial risk. Savvy mutuals know it includes their information Secur ity as well. That’s why they place their tr ust in CQR Consulting - Australia’s lar gest independent information secur ity specialist. Call us now on 02 8249 4425 to see how we can help you, or visit www.cqrconsulting.com