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Showing 201 - 210 of 539 results for "Supervision"

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... long-lasting." Byres said APRA's efforts would be focused on three areas: strengthening the prudential framework, sharpening supervision of governance, culture, remuneration and accountability, and sharing its insights and findings with the industry ...

Equity Trustees wins Colonial mandate

KANIKA SOOD  |  FRIDAY, 4 OCT 2019
Equity Trustees has cracked $100 billion in funds under supervision, after striking an agreement with Colonial Mutual Life Assurance Society effective October 1. Equity Trustees Limited is taking over as the trustee of $10.5 billion of CMLA's assets. ...

APRA announces new executive roles, organisational structure

ELIZA BAVIN  |  THURSDAY, 3 OCT 2019
... objectives previously set out in its Corporate Plan for 2019 to 2023. The regulator said it will move to an industry-based supervision model, with separate supervisory divisions responsible for superannuation, insurance and banking. Under the new structure ...

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... Earlier this month, the Federal Court of Australia ruled that IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court held that IOOF's ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... alleged IOOF entities, directors and executives had contravened their obligations under the Superannuation Industry Supervision Act. This is the second court loss for financial regulators following the Royal Commission, after ASIC lost its case against ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... better behaviour by trustees to ensure that they act in the best interests of members, by undertaking the necessary supervision and surveillance of superannuation trustees, with more frequent on-site visits," Hughes clarified. "We will also pursue action ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... implementation phase for margin requirements by one year to 1 September 2021. After the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) clarified the documentation, custodial and operational ...

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... things SMSF trustees have to consider as part of their investment strategy, according to the Superannuation Industry (Supervision) Regulations 1994. In addition to diversity, SMSF trustees are required to "formulate, review regularly and give effect" ...

Byres warns not to spread APRA too thin

HARRISON WORLEY  |  MONDAY, 12 AUG 2019
... review also said we should devote more resources to technology risks, we should devote more resources to superannuation supervision, we should devote more devote more resources to resolution and planning for crises: a range of areas where we should devote ...