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Showing 1131 - 1140 of 1257 results for "Prudential"

APRA announces new prudential standards for financial institutions

Under new business continuity management (BCM) prudential standards released by the Australian Prudential and Regulation Authority (APRA) authorised deposit-taking institutions (ADIs) and insurers must identify business functions and infrastructure ...

NAB foreign exchange options desk back in business

... foreign exchange options which cost the bank $360 million. The re-opening follows completion of specific Australian Prudential Regulation Authority (APRA) requirements and has the approval of the regulator. Of the 81 remedial actions required as part ...

APRA takes further action regarding HIH

The Australian Prudential Regulation Authority (APRA) has disqualified George Sturesteps, a former senior executive with HIH, from holding office as a director or senior manager of a general insurer under the Insurance Act 1973. In his time with HIH ...

HIH fall out continues

The Australian Prudential Regulation Authority (APRA) has barred another former HIH executive with Ross Eade being disqualified under the Insurance Act 1973 from holding a position or acting as a director or senior manager of a general insurer. Eade ...

Clearview and MBF Life agree to correct unit pricing errors

Clearview Life Nominees and MBF Life, in cooperation with the Australian Prudential Authority (APRA) and ASIC, have both agreed to correct errors pertaining to the unit prices of some life insurance and superannuation products. The errors relate to ...

APRA disqualifies more HIH senior executives

The Australian Prudential Regulation Authority (APRA) has made further disqualifications regarding former senior executives of HIH Insurance with Frederick Lo, Roger Colomb, and Terrence Cassidy all banned from being or acting as a director or senior ...

APRA warns super funds over choice advertising

The Australian Prudential Regulation Authority has written to superannuation trustees warning them that some advertising and marketing campaigns before the introduction of choice may breach the sole purpose test and a trustee's duty to members. The ...

Submissions on provision of pensions in small funds extended

... receiving unintended access to tax and social security benefits particularly through RBL compression. There were also prudential concerns about small funds providing defined benefit pensions. "Treasury will work with those interested stakeholders and ...

ASIC and APRA move to streamline intra-fund transfers

... any trustee holding an RSE licence under Part 2A of the SIS Act. "Addressing legacy products and systems issues is a prudential priority in controlling operational risk," says APRA's general manager, Specialised Institutions Division, Ramani Venkatramani. ...

APRA communicates its position on IFRS

The Australian Prudential Regulation Authority (APRA) has released the first of two planned discussion paper outlining its stance on the mandatory adoption of the International Financial Reporting Standards (IRFS). The topics covered by the document ...