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Showing 121 - 130 of 465 results for "Supervision"

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... services industry is concerning. "Last month, APRA published its plans to significantly scale up the intensity of its supervision in this area," he said. "Our intensified approach establishes a supervisory framework and methodology designed to strengthen ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... unable to undertake the comparative component of the outcomes assessment in the absence of Superannuation Industry (Supervision) Regulations. "Some industry participants thought that this interpretation would limit scrutiny on the performance of choice ...

RMBS scrutiny could be loosened in US

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... the mid-2000s." He explained that the increase in RMBS issuance by non-banks in Australia was in line with tighter supervision and regulation of mortgage lending by banks. The RBA said that it, along with the Council of Financial Regulators (which includes ...

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... "clarity and consistency" to areas of industry tension. She added that the program would allow APRA to "sharpen" its supervision priorities and drive better industry practices. "Heightened transparency will also intensify the pressure on underperformers ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... failed. In August of that year RI Advice received a complaint about Doyle. Still, RI Advice did not apply any enhanced supervision of Doyle, failing to audit any of his files until February 2015 - almost two years after he initially joined. When it did ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... APRA Deputy Chair Helen Rowell said the judgment nevertheless raised some issues of wider importance for APRA in its supervision of superannuation trustees. "APRA is considering any further action that may need to be taken in relation to these, such ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... long-lasting." Byres said APRA's efforts would be focused on three areas: strengthening the prudential framework, sharpening supervision of governance, culture, remuneration and accountability, and sharing its insights and findings with the industry ...

Equity Trustees wins Colonial mandate

KANIKA SOOD  |  FRIDAY, 4 OCT 2019
Equity Trustees has cracked $100 billion in funds under supervision, after striking an agreement with Colonial Mutual Life Assurance Society effective October 1. Equity Trustees Limited is taking over as the trustee of $10.5 billion of CMLA's assets. ...

APRA announces new executive roles, organisational structure

ELIZA BAVIN  |  THURSDAY, 3 OCT 2019
... objectives previously set out in its Corporate Plan for 2019 to 2023. The regulator said it will move to an industry-based supervision model, with separate supervisory divisions responsible for superannuation, insurance and banking. Under the new structure ...

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... Earlier this month, the Federal Court of Australia ruled that IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court held that IOOF's ...