Search ResultsShowing 1 - 10 of 100+ results for "APRA"
Regulators receive pre-Budget funding boost
HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... regulators. Over the weekend, Treasurer Josh Frydenberg announced an extra $550 million would be dedicated to ASIC and APRA in the upcoming Federal Budget, boosting the regulators' budgets by 25% and 30% respectively. ASIC is set to receive an ...
EQT hires risk and superannuation strategy lead
KARREN VERGARA  |  MONDAY, 25 MAR 2019
Equity Trustees hired a former APRA manager to the newly created role of head of risk and superannuation strategy. Justin Watts joins EQT's growing Superannuation Trustee Office (STO). Watts worked across a range of areas including superannuation ...
CFR, ATO report on SMSF borrowing arrangements
ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... systemic risks in the future." However, regulators have already taken steps to reduce the risks associated with LRBAs. APRA's lending standards have been strengthened and ASIC's scrutiny of responsible lending compliance has increased. Treasury ...
Banks move to derisk, workforces shrink
KANIKA SOOD  |  MONDAY, 25 MAR 2019
... committed to exiting wealth. Meanwhile, the OnePath/IOOF transaction has been put on ice, pending the outcome of the APRA investigation. Finally, NAB is reportedly hunting a buyer for MLC. But as the institutions move to redefine business ...
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an ...
IOOF faces class action
KANIKA SOOD  |  MONDAY, 18 MAR 2019
... last year, where its subsidiaries gave evidence on breaches of their duties as superannuation trustees. In December, APRA began proceedings against it in the Federal Court. The IFL stock over 35% during this period. "Quinn Emanuel's class ...
Zero tolerance approach to poor culture needed
KARREN VERGARA  |  MONDAY, 18 MAR 2019
The newly appointed lead of APRA's capability review is taking a no-nonsense approach to fixing poor behaviour and getting culture right. Monash Business School professor Graeme Samuel, who appeared at the 2019 Conference of Major Super Funds ...
Benchmark APRA against global counterparts: Treasury
KANIKA SOOD  |  FRIDAY, 15 MAR 2019
APRA's first capability review should consider benchmarking it against comparable prudential regulators around the globe, says its terms of reference which are now open for response. Last month, the Government agreed to undertake regular capability ...
Reforming bank culture rests on regulators: Silk
KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... it becomes part of the culture and is accepted as 'that's how things are done around here,' he pointed out. Even though APRA and ASIC "copped the biggest stick" at the Royal Commission next to the retail sector, Silk believes the regulators are ...
NAB agrees to RC wealth recommendations
HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... for running the bank and; how we build a culture that puts customers first every time." Specifically, the bank disagrees APRA should determine a responsibility within authorised deposit taking institutions for all steps in the design, delivery and ...
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