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Showing 141 - 150 of 228 results for "operational risk"

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... the 2014 deadline by the time CFS finished the transfers. "I do recall [the slow down occurred] because of the operational risk," Elkins said. "We had declared the business out of risk appetite because we were doing a number of technology projects at ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... superannuation funds." "You think that all that work funneling down to largely two administrators from 1 July 2019, the operational risk in that and the risk around member outcomes. I frankly think sticking 1 July 2019 is reckless and it could be chaotic." ...

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... ability for the industry to execute these changes by 1 July 2019 involves a very high likelihood of prudential and operational risk, operational failure and errors for superannuation funds and fund members."

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... efficiently, and where need be, improvements can be made. APRA recently released topic paper three (requirements, operational risk and outsourcing) and four (investments) to facilitate discussion. Some of the questions APRA poses to the industry include ...

CBA restructures executive leadership

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
... chief risk role is former ANZ chief risk officer Nigel Williams. He will focus on improving CBA's credit risk, operational risk and compliance in what the bank described as a critical time. Williams left ANZ in March after 15 years, having also previously ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... building on the significant changes it has made in recent years as part of a comprehensive program to improve operational risk management and compliance. To date, CBA has spent more than $400 million on systems, processes and people relating to AML/CTF ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

ING appoints head of wealth from Suncorp

ALEX BURKE  |  TUESDAY, 20 MAR 2018
... purposes; and creating a single replacement methodology for the current advanced and standardised approaches to operational risk. "These changes to the capital framework will ensure the strong capital position of the ADI industry is sustained by better ...

Future Fund reshuffles investment team

KARREN VERGARA  |  THURSDAY, 8 MAR 2018
... Cameron Price will add to his responsibilities the role of chief risk officer. This role brings the investment and operational risk, and compliance functions alongside his existing responsibilities in legal services and board secretariat. Future Fund ...

IOOF corporate development GM joins Australian Ethical

ALEX BURKE  |  WEDNESDAY, 21 FEB 2018
... including head of financial management for the Asia region, head of corporate affairs for the same region and head of operational risk for the corporate affairs group. He was also Asia-Pacific chief financial officer and financial controller at Tullett ...