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Showing 91 - 100 of 637 results for "Australian Prudential"

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... collapse in 1997/98, the US recession in 2001 and the Global Financial Crisis in 2008. Not only that, the Australian Prudential Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... more. Not only that, a small 25 basis point rate cut - especially when it comes perfectly timed with the Australian Prudential Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... update does not change ANZ's position of continuing to monitor IOOF's response to matters raised by the Australian Prudential Regulation Authority (APRA) before making a decision about the final transfer of the business. This comes after IOOF breached ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... To this end, about three and a half years ago, Equip applied for an extended public offer license to the Australian Prudential Regulatory Authority. The EPO license, which is central to the joint venture with $9.7 billion Catholic Super, permits it to ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The Australian Prudential Regulation Authority has granted Judo Bank, formerly Judo Capital, a licence to operate as an authorised deposit-taking institution without restrictions in what is being welcomed as a win for banking competition and fintechs. ...

AMP, IOOF: Saved by ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... spotlight of the Royal Commission "with deteriorating relations with the main superannuation regulator, the Australian Prudential Regulation Authority (APRA)" it became clear that changes needed to be made to senior leadership at IOOF." The changes came ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... By this date, the SCT will cease operations. The cost will be offset by a corresponding increase in the Australian Prudential Regulation Authority Financial Institutions Supervisory Levies, he said.

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... of superannuation funds face criminal penalties for breach of their best interests duty and provide the Australian Prudential Regulation Authority with more powers to deal with underperforming superannuation funds," Federal Treasurer Josh Frydenberg ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... appointed a former Australian Competition and Consumer Commission chairman to lead a capability review of the Australian Prudential Regulation Authority. Responding to the Royal Commission's final report into Misconduct in the Banking, Superannuation ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... 2022, time enough to get our "houses" in order. However, tighter lending restrictions implemented by the Australian Prudential Regulation Authority (APRA) and as a result of the Hayne Royal Commission have already dented confidence in the Australian ...