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Showing 1 - 10 of 75 results for %22Prudential Inquiry%22

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... frameworks to address housing affordability; identify deregulation opportunities, especially in eliminating redundant prudential standards; and review the overarching regulatory framework, including the role of the Council of Financial Regulators. Emphasising ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... governance self-assessment that APRA asked Allianz and a range of other institutions to undertake following 2017's Prudential Inquiry into Commonwealth Bank. The capital penalty was to remain in place until the insurer completed remediation work to strengthen ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
After questioning from Senator Andrew Bragg at Senate estimates, prudential regulator APRA shared it has done some preliminary investigations about payments to unions. Bragg has claimed that superannuation which should be for workers has turned into ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
Commonwealth Bank finalised its three-year action plan by implementing recommendations from a prudential inquiry to improve its governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... financial terms between industry superannuation funds and the ABC, a parliamentary inquiry heard this morning. The prudential regulator, which appeared before the Standing Committee Economics, had no answers to Member of Parliament Jason Falinski's ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... the board and communicated throughout the organisation. IIA chair Sandra Birkensleigh said after APRA's prudential inquiry into the Commonwealth Bank, it was clear that internal audits could play a role in governance structures. "In many instances ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... the additional capital requirement on the bank in May 2018 as part of its response to the Final Report of the Prudential Inquiry into the Commonwealth Bank of Australia. APRA's inquiry found that CBA's financial success "dulled the senses of the institution" ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... that highlighted about 70% of Hostplus's infrastructure assets were managed by IFM Investors and built on to ask the prudential regulator for an enquiry while stating the committee would expand its work. In his response sent on Tuesday, the IFM Investors ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... launching an investigation, APRA is able exercise its legal powers that were strengthened following the 2017 CBA Prudential Inquiry. The APRA investigation will be conducted simultaneously to AUSTRAC's legal proceedings and the ASIC investigation, with ...
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