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Showing 141 - 150 of 710 results for %22Prudential Financial%22

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... temporary capital treatment for bank loans with repayment deferrals and restructured loans. Earlier in the year, the prudential regulator lifted reporting requirements for deposit taking institutions providing repayment relief to impacted Australians ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... implementation of the Financial Accountability Regime and ongoing discussions about default arrangements and enhanced prudential oversight. "Other issues include demographic shifts and changing customer preferences - members are demanding more personalised ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... more action to ensure they had liquidity available. "But none that we would classify as having raised concerns from a prudential perspective." Paterson then asked if APRA had provided any advice to the government about the need for the Reserve Bank to ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics show the super industry contracted over the latest quarter, as ...

ASIC delivers thinly veiled warning

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... not well-capitalised, not protected by the Government's Financial Claims Scheme, and not supervised by the Australian Prudential Regulation Authority (APRA)," the regulator said. "Some are also backed by concentrated portfolios of higher risk unlisted ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... already compliant with laws regulated by the Australian Securities and Investment Commission (ASIC) and the Australian Prudential Regulatory Authority (APRA)," the fund said. "With this issue now resolved, QSuper is looking forward to working constructively ...

Court restricts Mayfair advertising

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... any of the companies in the Mayfair 101 Group. Therefore, the Mayfair 101 Group is not regulated by the Australian Prudential Regulation Authority (APRA) and investment in its products is not covered by the Australian Government's Financial Claims Scheme ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
... would continue to monitor regulated entities remotely, particularly through its information sharing arrangements with prudential regulator APRA. With major projects delayed, the regulator will instead continue to provide an increased level of market ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... asset-quality pressure that will emerge from the downturn, particularly within the next six to 12 months. Meanwhile, the prudential regulator issued a letter to the banks saying they have a crucial role to play in supporting Australian households, businesses ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
APRA will not issue a new superannuation licence any time within the next six months, with the prudential regulator keen to avoid the early failure of new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding ...