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Showing 111 - 120 of 224 results for "operational risk"

APRA outlines indemnity measures

ANNABELLE DICKSON  |  TUESDAY, 23 MAR 2021
... the need to provision for each material indemnity throughout the life of it and hold an appropriate level of operational risk capital for any risks associated with indemnities. "ADIs should engage APRA to demonstrate the appropriateness of intended operational ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... uplift risk governance across its business with ongoing independent review over its progress. The $1 billion operational risk capital add-on, which reflects the bank's heightened operational risk profile, will also remain in place until Westpac completes ...

Your Future, Your Super on APRA to-do list

ELIZA BAVIN  |  TUESDAY, 2 FEB 2021
... recovery planning, considering the lessons of the past 12 months. It said it will update prudential standards on operational risk, governance and risk management, and consulting with industry on guidance for climate change financial risk and complete ...

Vanguard boosts Aussie executive team

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
... works as the associate director, head of operation risk solutions and oversight, and associate director, head of operational risk for the Americas. Jacques also worked at PwC for over 14 years, having spent the majority of his time there as director ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... positions and into lower cost, passive exposures, chief investment officer Seamus Collins said. "This lowered operational risk and costs with headline investment savings to our members ranging from 14-26 bps (product dependent) and accrued through the ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... committed to build on the significant changes made in recent years as part of a comprehensive program to improve operational risk management and compliance at the bank." As of June 2018, the bank had spent over $400 million on systems and processes relating ...

Vale Ian Perkins

ALLY SELBY  |  MONDAY, 6 JUL 2020
... Consulting, where he worked for eight years. The firm specialised in advisory services, resource solutions and operational risk management. Morse was subsequently acquired by Deloitte in 2016. Following his time building Morse, Perkins joined Jabbiac ...

Industry fund reshuffles leadership

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAY 2020
... Theng will step into the chief risk officer role now, being promoted from his position as executive manager, operational risk and compliance. Theng was previously digital channel manager at Tyro Payments and senior manager, wealth risk management at ...

Raiz cuts costs, super increases

ALLY SELBY  |  TUESDAY, 28 APR 2020
With market volatility impacting the investment platform's funds under management, Raiz has taken "decisive steps" to cut $1.2 million in costs. It comes as the platform reveals its superannuation product grew by 75.2% to $66.25 million compared ...

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Global consulting firm McKinsey & Company has issued a new report on how the COVID-19 pandemic will impact wealth management in the Asia Pacific region, including what might happen if the virus continues to spread. "Past epidemic crises have had sharp ...