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Showing 1171 - 1180 of 1830 results for "APRA."

Industry realigns for climate change

ALEX BURKE  |  TUESDAY, 21 FEB 2017
Australia's financial services industry and regulators no longer broadly consider climate change to be a separate, distant or "non-financial" issue. APRA member Geoff Summerhayes' speech on the topic at the Insurance Council of Australia Annual Forum ...

Global fintech heralds Australian expansion

ALEX BURKE  |  TUESDAY, 21 FEB 2017
A global provider of regulatory reporting and risk management solutions is boosting its local footprint by appointing a country manager for Australia. Andrew Wood joins AxiomSL from IMF Bentham, where he held an interim consultant role. Prior to that ...

Fraser review challenges super board independence

DARREN SNYDER  |  FRIDAY, 17 FEB 2017
The Bernie Fraser review of industry superannuation fund governance puts the onus of proof back on the government to demonstrate that one-third independent boards are the best way forward. "It is far from self-evident that simply mandating minimum numbers ...

Fintech investment needs balance: APRA

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
The financial services sector should not be tempted by "shiny new [fintech] toys", and must continue to invest in maintenance of core technology, says APRA chairman Wayne Byres. Speaking at the A50 Australian Economic Forum in Sydney on Friday, Byres ...

Distrust is super's biggest challenge

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2017
The biggest challenge facing the superannuation system is the distrust millennials have in the financial services industry at large following years of scrutiny. New research from Vanguard comparing the retirement savings systems of Australia, the UK ...

APRA urges banks to raise capital

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
Capital standards should be set so that the capital ratios of deposit takers are unquestionably strong, according to ARPA chairman Wayne Byres. Speaking at the A50 Australian Economic Forum in Sydney on Friday, Byres outlined the APRA's agenda for 2017 ...

ANZ selling stake in Chinese bank

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
Continuing its strategy to focus on institutional banking operations in Asia, ANZ has agreed to sell its 20% stake in Shanghai Rural Commercial Bank. ANZ is selling its stake to China COSCO Shipping Corporation and Shanghai Sino-Poland Enterprise Management ...

Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
1. QSuper public offer move reshapes competitive landscape The decision to make Queensland government superannuation funds QSuper and LGIAsuper public offer could have far-reaching ramifications for Australia's superannuation sector. When QSuper especially ...

Landmark ESG recommendations for Australia

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
For the first time in its 10-year history, the United Nations-supported Principles for Responsible Investment is publishing several ESG recommendations specifically targeted at Australian fiduciaries. The document, Fiduciary Duty in the 21st Century ...

Whistleblower protections under microscope

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
The Federal Government aims to strengthen whistleblower protections in the tax and corporate sectors by reviewing several identity and disclosure rules. Federal Minister for Revenue and Financial Services, Kelly O'Dwyer, confirmed this morning that ...