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

Search Results

Showing 11 - 20 of 20 results for "Prudential Inquiry"

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... the failure of firms to identify systemic complaints were key findings of both the Royal Commission and the Prudential Inquiry into the Commonwealth Bank. "With the benefit of broad consultation, ASIC's new standards will lift complaints handling performance ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... need of focus. "Financial soundness and stability remain at the core of APRA's objectives. But APRA's Prudential Inquiry into Commonwealth Bank of Australia (CBA) highlighted the importance of not just having a healthy balance sheet, but also ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... enforcement are satisfactory. It was only in August 2017 that APRA set a precedent and decided to establish a prudential inquiry into CBA despite knowing about the group's deficiencies in governance, culture and accountability for some time, Hayne ...

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... showing evidence of commitment. CBA was required to put together a remediation action plan after APRA led a prudential inquiry into the bank's governance, culture and accountability in August 2017. The APRA inquiry's final report made 35 recommendations ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... remuneration and the likelihood of misconduct. "Given the terms of reference for, and the resulting report of, the Prudential Inquiry into Commonwealth Bank, it would be surprising and cause for concern, if APRA's approach to prudential governance ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator said it identified a "complex interplay of organisational and cultural factors at work", demonstrating ...

CBA chair says culture needs improvement

ALEX BURKE  |  THURSDAY, 1 FEB 2018
In responding to APRA's ongoing prudential inquiry into the bank, Commonwealth Bank chair Catherine Livingstone acknowledged "there are aspects of our culture where we could improve." APRA issued an update on its progress with the inquiry, saying that ...

APRA names heavyweight panel to investigate CBA

EMMA RAPAPORT  |  FRIDAY, 8 SEP 2017
... pleased to have secured the services of three highly experienced and credentialed panel members to conduct the prudential inquiry." "Between them, John, Graeme and Jillian bring an excellent blend of skills and experience to the task, including in matters ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
... objectives, remuneration and accountability frameworks. APRA chairman Wayne Byres said the decision to initiate a prudential inquiry followed a number of issues which have raised concerns regarding the frameworks and practices, and have damaged the bank's ...
PAGE:
2