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Showing 11 - 20 of 77 results for "ADIs"

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... consultation. It expects FAR legislation to be introduced in the Parliament in spring. The implementation will start with ADIs which have already been subjected to BEAR. The starting date for large ADIs or their licensed non-operating holding companies ...

Be ready for negative rates: APRA to ADIs

JAMIE WILLIAMSON  |  MONDAY, 12 JUL 2021
... Saying the regulator's standpoint does not preclude the possibility of zero or negative interest rates, APRA expects all ADIs to develop tactical solutions to implement zero or negative market interest rates and cash rate by 30 April 2022. This would ...

APRA outlines indemnity measures

ANNABELLE DICKSON  |  TUESDAY, 23 MAR 2021
The prudential regulator has written to authorised deposit-taking institutions (ADIs) to ensure the management of risks with indemnities in divestment transactions. APRA warns that without appropriate controls, indemnities can expose ADIs to significant ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... across the country was profound and dramatic. "APRA-regulated financial institutions (authorised deposit-taking institutions (ADIs), insurers and superannuation funds) have stood up to the challenge, both financially and operationally, and have continued ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... assessment and approval criteria. The government will adopt key elements of APRA's ADI lending standards and apply them to non-ADIs. Other key elements of the reforms include allowing lenders to rely on the information provided by borrowers, replacing ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
... and extend its Term Funding Facility. "Under the expanded Term Funding Facility, authorised deposit-taking institutions (ADIs) will have access to additional funding, equivalent to 2% of their outstanding credit, at a fixed rate of 25 basis points for ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... the needs of our shareholders with the uncertain economic environment," Gonski said. "We agree with APRA's view that all ADIs should be prudent in considering dividends. We arrived at our decision independently and it sits comfortably within APRA's guidance." ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... restrictions on dividends from their New Zealand operations. APRA has therefore set an expectation that dividend payout ratios for ADIs will be maintained below 50 per cent for this year." Plato Investment Management managing director Don Hamson said ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... allow Australia's banks to continue to support borrowers through the crisis. "These measures are designed to incentivise ADIs to continue to support their customers through an extended period of uncertainly, while at the same time facilitating the restructure ...

APRA ditches property revaluation requirement

ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
The prudential regulator has updated Authorised Deposit-taking Institutions (ADIs) on their requirements to revalue property in the wake of the COVID-19 downturn. APRA said ADIs are currently required to revalue property used as security for residential ...