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Showing 111 - 120 of 707 results for %22Prudential Financial%22

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... preparations to provide the capability to do so if necessary in the future. The MPC therefore agreed to request that the PRA [Prudential Regulation Authority] should engage with PRA-regulated firms to ensure they commence preparations in order to be ...

Your Future, Your Super on APRA to-do list

ELIZA BAVIN  |  TUESDAY, 2 FEB 2021
The government's Your Future, Your Super reforms is one of the prudential regulator's priorities for 2021. The controversial superannuation reforms have been listed as a key policy priority for APRA this year as it prepares to support the reforms' implementation. ...

APRA delays insurance in super guidance

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The prudential regulator has released an updated draft guidance for insurance in superannuation as part of its consultation period, delaying the commencement date by six months. Several changes have been made the original document released in November ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... only 0.004% deaths (based on worldometers.info data), Australians could afford to wait for the jab. Latest Australian Prudential Regulation Authority (APRA) figures indicate that there's more than A$200 billion in savings - A$113 billion in household ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... an expected settlement date of March 2021. The transaction needs approval from the Federal Treasurer and Australian Prudential Regulation Authority. The ASX-listed company will expand MLMF's term deposit offering by replicating the investment strategy ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... executives and the board and communicated throughout the organisation. IIA chair Sandra Birkensleigh said after APRA's prudential inquiry into the Commonwealth Bank, it was clear that internal audits could play a role in governance structures. "In ...

ClearView streamlines underwriting

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
... while pursuing long-term sustainable growth," Lowe said. Other life insurers that have adopted ALLFINANZ Cloud are Prudential Thailand, Generali Indonesia, Hong Leong Malaysia and FT Life Hong Kong. US technology firm Omniscience announced in April that ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... conduct modifier that can potentially reduce variable remuneration to zero, APRA said in the revised draft for the Prudential Standard CPS 511 Remuneration (revised CPS 511). The non-financial measures (like potential detriment to consumers) were a focus ...