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Showing 151 - 160 of 1253 results for "Prudential"

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
The prudential regulator is reinforcing the importance of superannuation funds to conduct more rigorous and frequent stress testing amid the fracas over valuations in the property sector. In updating Prudential Practice Guide SPG 530 Investment Governance ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... not in place at all. "APRA encourages every entity to review those common weaknesses outlined above, along with the prudential standard itself, and incorporate relevant strategies and plans to address shortfalls in their cyber security controls and governance ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... and trustee respondents also exhibited less positivity than ADIs and life insurers towards APRA's enforcement of prudential requirements on their respective industries, and the effects of these requirements on their entities' financial management. ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... particularly in determining how to allocate their resources to achieve their respective legislated objectives. "As the prudential regulator, APRA's mandate requires a strong focus on financial system resilience by ensuring the financial safety and soundness ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that exposed issues within the Bank of Queensland's (BOQ) operational risk, compliance and risk ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
Finalising new prudential standards, APRA is aiming to bolster banks, insurers, and superannuation trustees' resilience against future financial crises. APRA hopes the new standards will equip these financial entities with strategies to counteract threats ...

PGIM buys majority stake in Deerpath Capital

CHLOE WALKER  |  THURSDAY, 11 MAY 2023
The $1.2 trillion global asset management business of Prudential Financial has acquired a majority interest in US private credit and direct lending manager Deerpath Capital Management (Deerpath). Since its inception in 2007, Deerpath has deployed over ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... rejected the preferred solution of the majority of industry associations, which is making non-arm's length expenses a prudential matter rather than a tax anti-avoidance matter. CA ANZ will continue to advocate for our preferred solution," it said. ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now not ...