Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 539 results for "Supervision"

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... accelerated enforcement strategy; expanded regulation following the Royal Commission's recommendations; enhanced on-site supervision of larger institutions; and the regulator's new role as the primary conduct regulator for superannuation. APRA's extra ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... These recommendations were across six areas: risk management and compliance, document and record management, branch supervision, advice, corporate and additional specific matters. The independent consultant found that Morgans had adequately addressed ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... technical and data analytics) supported by appropriate tools; - Sound process and outcomes realised across APRA's core supervision, policy and resolution functions (including appropriate utilisation of enforcement tools); - Appropriate engagement with ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... flyer program if they join the fund. Some industry participants claim this is a breach of the Superannuation Industry Supervision Act's sole purpose test. Speaking to Financial Standard, SuperConcepts' interim chief executive Adrian Urquhart says the ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... super fund mergers. The Parliament is currently waiting to pass a number of changes to the Superannuation Industry (Supervision) Act (SIS Act), including giving APRA a power to issue directions to RSE licensees. "It may be that, in particular circumstances ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... enforcement officers must be relied upon for clear and objective advice and action. Those responsible for continuing supervision of an entity may give too much weight to past good conduct, or may - even subconsciously - explain away conduct that would ...

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... responsible for the conduct of their representatives, and ASIC expects licensees to have effective monitoring and supervision arrangements in place to ensure that their representatives comply with the law when providing financial product advice to consumers," ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... Cathie Armour said: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. We expect all licensees to comply with this and will monitor their compliance closely."

Ausbil ESG strategy advances

DARREN SNYDER  |  THURSDAY, 3 JAN 2019
... that isn't explicit means sustainability is often easy to disregard in the investment process Improved monitoring and supervision of investors' ESG integration practices Ausbil is a signatory to the PRI. It is owned by its employees and multi-affiliate ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
... insurance-only superannuation fund. Once completed, Sargon will have over $53 billion of assets under trusteeship and supervision, Kingston said. Sargon has about 120 staff in Australia, New Zealand and Hong Kong.