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Showing 131 - 140 of 228 results for "operational risk"

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". Following the inquiry, APRA hit CBA with an additional ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... view to saving shareholders' money. "Today at AMP, we don't have the appropriate level of return for the operational risk we're taking on advice," he said. AMP is planning to rebalance the equation with a series of actions, one of which, he said ...

$50bn super fund links with software firm

HARRISON WORLEY  |  WEDNESDAY, 31 JUL 2019
A $50 billion industry superannuation fund partnered with a global investment data management software firm. Matrix has been selected by Cbus to provide the giant superannuation fund with investment management software designed to analyse the fund's ...

AMP bolsters managed portfolio offering

HARRISON WORLEY  |  WEDNESDAY, 3 JUL 2019
... managed portfolios have grown to manage more than $62 billion in assets, due in part to advantages such as reduced operational risk - managed portfolio transactions are generally centrally implemented - and not requiring the production of a statement ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... sufficiently material that APRA is considering stronger supervisory responses, including the application of an operational risk capital overlay," he said. He warned APRA's policy agenda for the next 12 months includes strengthening prudential expectations ...

Vanguard launches ETF, appoints new lead

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... head of QEG. She moved into the role as incumbent Mike Roach transitions into a new role as head of US equity operational risk at Vanguard's US headquarters. Kolganova joined Vanguard in February 2000 and has worked in senior roles, including as ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... However the regulator soon expects to release its response to revised capital requirements for credit risk and operational risk. "The next phase of consultation will focus on the treatment of residential mortgages for all banks, and other amendments ...

Perpetual hires former Macquarie exec

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... of chief risk officer. She has previously worked as Macquarie Funds Group's and KPMG's head of compliance and operational risk. She has also held the role of Macquarie Group's head of deal management in a 23-year-long career. In her most recent role ...

Industry fund adds chief risk role

JAMIE WILLIAMSON  |  TUESDAY, 13 NOV 2018
... services, risk management, compliance and information security. Most notably, Vassallo is a former general manager, operational risk and compliance of NAB's business banking division. Prior to that he held various senior risk roles with NAB, having spent ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
Operational constraints and poor systems once again took a beating at this morning's Royal Commission hearing, contributing to what Colonial First State admits was a lengthy transition of members to MySuper products. CFS executive general manager ...