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Financial Services Profile Leadership communication

What the RBA’s rate cut means for financial services leaders: Your chance to shape the conversation

The First Cut in Four Years — Why It Matters Now On 18 February 2025, the Reserve Bank of Australia (RBA) made its first interest rate cut in over four years, reducing the official...

Client In The News

Calls grow for Westpac to reveal energy transition plan thinking

This is an extract from an article written by James Eyers for the Australian Financial Review, published on 12th December 2024. " Australian Ethical and Market Forces are sponsorin...

Insights.

 

Our client, a well-known brand, faced a major reputation risk due to criminal activity by a staff member. BlueChip undertook crisis communication planning and a highly realistic simulation, prior to the issue becoming public, to test the communication management plan and leadership team. Our client’s goals were clear: minimise brand damage and decrease the possibility of adverse regulator action. BlueChip worked with the CEO and Chief Legal Counsel to:

  1. Create, test and refine the crisis communication plan and all materials
  2. Prepare messages and spokespeople
  3. Run a half-day intensive crisis simulation – hybrid ‘live’ and ‘desktop’

Results

  1. ‘Day One’ of the real incident was handled with confidence, with ‘first hour’ responses provided quickly and in line with the plan
  2. Media coverage and stakeholder responses did not feature negative commentary of the brand or its reputation
  3. No further regulator action

“The simulation ensured that on the day of the first announcement we got the first hour as right as we could have. It also challenged us on so much of our preparation to ensure that we were able to meet our goals with regards to this potentially reputation damaging event”

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