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Showing 191 - 200 of 1253 results for "Prudential"

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
APRA has begun consulting on new prudential standards to strengthen the financial crisis response of banks, insurers and superannuation trustees. The regulator said the two proposed standards are aimed at ensuring entities are prepared to deal with ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... think if we get to that point then we've really failed at a heap of other areas in the government's and the prudential stages of fund management," Jones said. "I'm not concerned about that." The consultation paper also touches on the consequences ...

APRA removes Westpac liquidity add-on

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
APRA has removed Westpac's liquidity add-on after finding it breached prudential standards. The 10% add-on was applied to the net cash outflow component of Westpac's liquidity coverage ratio (LCR) and will no longer be included from today. In a statement ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... MobiSuper's trustee, failed to adequately monitor MobiSuper in regard to the same issues, and failed to comply with Prudential Standard SPS 231 Outsourcing. Tidswell's RSE licence was cancelled in June 2021. ASIC first launched its action against ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... superannuation performance by continuing to rectify sub-standard practices through robust supervision, strengthening prudential standards and reinforcing minimum expectations. Particularly around fund expenditure including trustees' practices as ...

Super fund climate risk assessment results released

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... was designed to provide insights into how institutions are aligning their practices with the expectations outlined in Prudential Practice Guide CPG 229 Climate Change Financial Risks. Released last November, CPG 229 provides APRA-regulated entities with ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... assessed, closer monitoring of financial resources and new rules to follow when a MySuper authorisation is cancelled. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) came into effect in January 2020, requiring trustees to ...

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
... super funds in managing operational risk, opening a new consultation. As part of the consultation, APRA has released Prudential Standard CPS 230 Operational Risk Management which includes minimum standards for all APRA-regulated entities in managing ...

Macquarie appoints directors to bank board

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
... plan, which includes detailed programs of work across governance, remuneration, risk culture, regulatory reporting, prudential risk management and a simplified group structure," Stevens said. As part of the governance workstream, the directors have been ...

Wayne Byres to stand down

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... career, Mr Byres has made a significant contribution to the Australian financial system and the global framework for prudential regulation. "His leadership and expertise has positioned the Commonwealth to respond well to some of the greatest challenges ...