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Showing 11 - 20 of 134 results for "Lonsdale"

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... identified root causes that have contributed to the emergence and persistence of risk governance shortcomings. APRA chair John Lonsdale said the regulator was not prepared to wait for the possibility of a serious prudential problem crystallising at ANZ ...

Investors warned to sell hybrids before phase out

ELIZA BAVIN  |  WEDNESDAY, 26 MAR 2025
... to the complexity of using it, the potential for legal challenges and the risk of causing contagion," APRA chair John Lonsdale said at the time. "By replacing AT1 with forms of capital that are more reliable in a stress situation, Australia's banks will ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... benchmarks, address poor practice, and ensure directors have the necessary "skills, experience, and character." APRA chair John Lonsdale said effective governance is fundamental to financial stability and sound risk management, adding that the boards ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... risk-weighted assets; and no limits on lending or constraints on capital distributions are being introduced. APRA chair John Lonsdale said the risk of financial shocks had persisted over the past year however the sources of economic uncertainty had shifted. ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... close to a fortnight on the back of its private Google cloud being inadvertently deleted. In August, APRA chair John Lonsdale flagged the regulator is stepping up its oversight of operational and cyber-resilience, including at super funds, to "ensure ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... Authority (APRA) has also increased the capital penalty over ANZ's non-financial risk management practices. APRA chair John Lonsdale said ANZ is "financially sound" but remains prone to managing non-financial risk. "Of the major banks that had capital ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... are best placed to oversee the investment strategy and its investment spread." In his opening remarks, APRA chair John Lonsdale said the regulator is continuing to drive continuous improvement and trustee accountability in delivering quality member outcomes. ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... ensure superannuation trustees meet their requirements under the Retirement Income Covenant. In addition, APRA chair John Lonsdale said the regulator would be taking a close look at the relationship between banks and super trustees. "Over the coming ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... will remain in place until such time as ANZ has delivered required remediation to APRA's satisfaction. APRA chair John Lonsdale said he is concerned at the persistence of risk governance and culture issues within the bank. "ANZ is financially sound with ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... operations focus Scenarios align with BCM uplift and focus on severe yet plausible scenarios for COs and MSPs APRA chair John Lonsdale said operational resilience was becoming increasingly important in the digital financial age. "Disruptions to financial ...