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Showing 131 - 140 of 906 results for "Deputy Chair"

APRA removes Westpac liquidity add-on

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
... oversight, risk control framework and risk culture in its liquidity risk management and reporting. At the time APRA Deputy Chair John Lonsdale said: "Under APRA's liquidity requirements, banks must maintain a sound liquidity risk management framework ...

AFA, FPA to explore merger

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2022
... eight FPA directors and four nominated AFA directors. "The FPA will retain the chair and the AFA would nominate the deputy chair," he explained. "This will be for a period of almost three years, up until November 2025. After that point all eligible members ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... said ZIB's conduct constituted "a serious departure from reasonable standards of performance of advice." ASIC deputy chair Sarah Court said ASIC took on this case because of concerns that personal advice was being provided without the relevant legal ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... customers. They also used unfair retention practices to keep customers in the policies when they tried to cancel," ASIC deputy chair Karen Chester said. ASIC believes there are thousands of customers that likely remain entitled to a refund but haven't ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... sentenced to a three-year intensive correction order, including a 12-month home detention order. During the hearing, ASIC deputy chair Sarah Court said that instead of showing the honesty and integrity required of someone who works in the financial services ...

Super fund climate risk assessment results released

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... physical damage from floods or bushfires, or asset price volatility as consumer and investor demands evolve," APRA deputy chair Helen Rowell said. "The guidance in CPG 229 is aimed at helping our regulated entities identify and manage these risks, as ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... there is potential for consumer harm, ASIC can now take quick action to disrupt poor conduct and prevent harm," ASIC deputy chair Karen Chester said. She added that the industry has had sufficient time to implement the DDO regime. "We have targeted surveillances ...

Australian Unity chair resigns

CHLOE WALKER  |  WEDNESDAY, 27 JUL 2022
... statement. Melinda Cilento, currently a serving non-executive director, has been appointed as Australian Unity's new deputy chair, effective August 1. Cilento will become Australian Unity's deputy chair upon Promnitz's retirement. Other board changes ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... Allianz has now completed the transformation programs, APRA removed the remaining additional capital requirement. APRA deputy chair Helen Rowell said: "We are pleased to see the significant progress Allianz has made in addressing APRA's concerns, although ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... meet its obligations as an AFSL holder, including a failure to meet organisational competence requirements. ASIC deputy chair Sarah Court said: "ASIC is concerned that for an extended period there was a real risk of investor harm due to shortcomings ...