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Showing 1151 - 1160 of 1830 results for "APRA."

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA  ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... the Working Group - comprising senior representatives from the ATO, the Treasury, the Department of Employment, ASIC and APRA - in December 2016 to provide a set of recommendations to improve superannuation guarantee compliance. In the report authors ...

APRA finalises senior executive lineup

JAMIE WILLIAMSON  |  WEDNESDAY, 28 JUN 2017
The Australian Prudential Regulation Authority completed its transition to a new organisational structure with the promotion of its chief risk officer and the creation of a position to oversee its risk and data analytics division. As of 1 July 2017 ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
Large foreign banks should also be subjected to the proposed $6.2 billion bank levy, Australia's four major banks told the Senate Standing Committee on Economics reviewing the levy Bill last week. Many multinational banks, while active in the institutional ...

Super funds not future ready: Mercer

EMMA RAPAPORT  |  WEDNESDAY, 7 JUN 2017
Fund trustees and executives must start thinking about the future and take ownership of what their funds can control to ensure long-term growth and sustainability. Discussing Mercer's 2020 Super Fund Executive Report - Change or be Changed, Mercer managing ...

Approved to build more dwellings

BENJAMIN ONG  |  WEDNESDAY, 31 MAY 2017
The Reserve Bank of Australia (RBA) and the Australian Prudential Regulations Authority (APRA) - especially after its tighter home lending regulations announced in late March -- wouldn't be pleased with the Australian Bureau of Statistics' (ABS) report ...

Banking and Finance Oath secures strong conference program

DARREN SNYDER  |  MONDAY, 29 MAY 2017
The Banking and Finance Oath holds its inaugural conference in Sydney next week and it has secured an impressive lineup to drive the importance of trust and ethical foundations in financial services. Banking and Finance Oath executive Cris Parker said ...

Super assets hit $2.3 trillion

KARREN VERGARA  |  THURSDAY, 25 MAY 2017
Superannuation assets including MySuper reported double-digit growth in the 12 months to March, according to quarterly figures from APRA. While total superannuation assets grew to $2.3 trillion, up 11.2% on the prior year, MySuper assets (part of the ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
Life insurance companies reported a 146% boost in revenue, but failed to improve bottom line performance in the 12 months to March, according the latest APRA performance statistics. Life insurers' total revenue of $37.9 billion was driven mainly by ...

APRA announces promotions, new hires

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
Following the news of a funding boost for the regulator in the latest Budget, APRA added four new senior executives to its leadership team. Melisande Waterford, who has worked with APRA since 1998, will take on the newly-created role of general manager ...