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Showing 1 - 10 of 77 results for "ADIs"

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... Financial Accountability Regime (Consequential Amendments) Transitional Rules 2024 asks authorised deposit-taking institutions (ADIs) for information relating to their existing accountable persons under the Banking Executive Accountability Regime (BEAR) ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... months and the exception to conflicted remuneration rules for agents or employees of authorised deposit-taking institutions (ADIs). On Recommendation 8, the Financial Advice Association Australia chief executive Sarah Abood said this reform "will save ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
APRA and ASIC have commenced an early consultation on the Financial Accountability Regime (FAR), calling for input from ADIs, insurers and super trustees. Together, the regulators have released key materials for consultation to support the timely implementation ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... stability, only 35% of superannuation trustees responded positively. In contrast, authorised deposit-taking institutions (ADIs) and life insurers were more favourable, with affirmative responses of 68% and 67% respectively. The survey further highlighted ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... changes between the 2022-23 and 2023-24 financial years across industry sectors. Authorised deposit-taking institutions (ADIs), including large and small banks, building societies, and credit unions, experienced a slight increase from $91.4 million to ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... Standard CPS 231 Outsourcing (CPS 231) and Prudential Standard CPS 232 Business Continuity Management (CPS 232) that apply to ADIs, life insurers and general insurers, the equivalent superannuation standards Prudential Standard SPS 231 Outsourcing (SPS ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... (FAR) is getting closer to starting," he explained. The FAR is due to commence for authorised deposit-taking institutions (ADIs) six months after Royal Assent and for insurance and superannuation 18 months. "But with the legislation yet to pass the Senate ...

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... funds', growth was reported at 5.6%. Mutuals comprise 2.6 % of total assets across all authorised deposit-taking institutions (ADIs) in Australia as of June 30 this year. "While total asset growth slowed, the reduced market share reflects the strong ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... the issuer must not create an expectation that a call will be exercised." "In line with the existing prudential standards, ADIs, general insurers and life companies generally should not call an Additional Tier 1 Capital or Tier 2 Capital instrument and ...

Octopus Investments bolsters team

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
Octopus Investments, an energy asset manager, has made several appointments after recently surpassing $1 billion in assets under management. On the sales side the firm recently appointed Tim Kok to head of institutional product. Kok was previously an ...
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