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Showing 171 - 180 of 224 results for "operational risk"

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
... default funds from certain awards could cause major systemic upheaval. It cited areas such as liquidity risk, operational risk, the risk that some small delisted funds will need to wind up operations, concentration risk, and the potentially damaging ...

SEC prioritises cybersecurity

ALEX DUNNIN  |  THURSDAY, 13 MAR 2014
Speculation is growing in the US that the financial regulator will impose uniform cybersecurity standards across firms operating in the financial system. Awareness of cybersecurity as a systemic threat has risen following realisation that the financial ...

Liquidity concerns push CSC to change target allocation

ALEX DUNNIN  |  MONDAY, 27 MAY 2013
... Scheme, has made changes to its default option in response to the Stronger Super reforms that require improved operational risk reserves. The CSC made the changes to lift its liquidity levels as an insulation against what the fund expects will be the ...

Water scarcity a factor for resource fund managers

LAURA MILLAN  |  MONDAY, 18 FEB 2013
Investors need to take into account resource scarcity when investing, Tyndall AM head of Real Assets Richard Lourey said, commenting on a report about water scarcity released by Moody's last Friday. The report is entitled "Global Mining Industry: Water ...

APRA releases final Prudential Standard for MySuper transition

MARK STORY  |  THURSDAY, 13 DEC 2012
... ultimately responsible for ensuring that it holds, and has unfettered access to, financial resources in the form of operational risk reserve(s), operational risk trustee capital or a combination thereof to meet the target amount of financial resources ...

Regulation compounds hedge fund woes

MARK SMITH  |  TUESDAY, 4 DEC 2012
... Ernst & Young's annual Hedge Fund Symposium in Sydney, Ernst & Young Oceania Hedge Fund leader, Jon Pye said operational risk was one area where there was a clear distinction between the attitudes of the two groups. "More than half of investors (56%) ...

IQPC conference tackles operational risk

MARK SMITH  |  MONDAY, 15 OCT 2012
The IQPC Financial Services Operational Risk and Compliance conference in early December is designed to help advisers assess risk, get the most from their budget and develop strategies to overcome the challenges posed by regulatory change. Recent scandals ...

Lest we forget Lehman: Omgeo

MELANIE TIMBRELL  |  TUESDAY, 11 SEP 2012
... platforms do you use, how do you interact with your broker?" A more intrusive due diligence process within the operational risk management side of the business has driven most funds to be more automated in the middle and back office. This, Freeman advised ...

Think big on scale, ORFR: APRA

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
... consultation process and subsequent public forums, APRA's deputy chair Ross Jones said his advice on both the Operational Risk Financial Requirement (ORFR) and the scale test was for funds to keep the spirit of the reform in perspective. Many submissions ...

ACSA lends weight to ASIC tech focus

MELANIE TIMBRELL  |  THURSDAY, 2 AUG 2012
... Services Association (ACSA) said following a report from ASIC, the focus on technology, Straight Through Processing, operational risk management and reinforcement of disclosure obligations was well placed. The report released last month, 'Custodial and ...