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Showing 111 - 120 of 228 results for "operational risk"

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered ...

Morningstar executive joins JANA

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... appointed as a consultant in JANA's operational consulting team. Eleanor Cheng has over 15 years' experience in operational risk management and prior to joining Morningstar was a senior manager, operational control at RBC in Hong Kong. Cheng was previously ...

New lead for Mercer Sentinel

KARREN VERGARA  |  THURSDAY, 15 APR 2021
... transitioned to working part-time as a partner. Nguyen joined Mercer in 2015 and has been leading the team in assessing operational risk within investment management operations across all asset classes. She previously worked at BNP Paribas as a relationship ...

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... standards, the Australian Prudential Regulation Authority (APRA) has hit Macquarie Bank with increased liquidity and operational risk capital requirements. Macquarie Bank breached APRA's reporting standards on liquidity "multiple times" between 2018 ...

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 ...