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Search ResultsShowing 11 - 20 of 100+ results for "Prudential Regulation Authority"
APRA rolls out new assessment model
ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
The Australian Prudential Regulation Authority (APRA) has replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees ...
VFMC chief joins ING board
KANIKA SOOD  |  FRIDAY, 2 OCT 2020
... Mutual. ING's board is chaired by John Laker, who spent a decade as the chair of the Australian Prudential Regulation Authority (APRA). Other non-executive directors on its board include: Amanda Lacaze (chief executive of Lynas Corporation), Nancy Fox ...
APRA, ACCC sign new MoU
ALLY SELBY  |  TUESDAY, 15 SEP 2020
The Australian Prudential Regulation Authority and the Australian Competition and Consumer Commission have signed an updated memorandum of understanding in a bid to increase information sharing, coordination, and cooperation between the two regulators. ...
ASIC delivers thinly veiled warning
ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... not protected by the Government's Financial Claims Scheme, and not supervised by the Australian Prudential Regulation Authority (APRA)," the regulator said. "Some are also backed by concentrated portfolios of higher risk unlisted and illiquid assets." ...
Court restricts Mayfair advertising
ELIZA BAVIN  |  MONDAY, 20 APR 2020
... in the Mayfair 101 Group. Therefore, the Mayfair 101 Group is not regulated by the Australian Prudential Regulation Authority (APRA) and investment in its products is not covered by the Australian Government's Financial Claims Scheme (colloquially known ...
Regulators praise super law reform
ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation industry. The proposed changes ...
Calls for disability insurance reform
ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... high replacement ratio can be a disincentive to returning to work." In December, the Australian Prudential Regulation Authority said that life companies collectively lost around $3.4 billion over the past five years through the sale of DII to individuals. ...
Future of life insurance in doubt: APRA
ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
The Australian Prudential Regulation Authority released its look-back at 2019, making special mention of tough times for the life insurance industry and questioning its sustainability. "Australia's life insurance sector faced deteriorating conditions ...
Life insurers lost $3.4b over five years: APRA
ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
The Australian Prudential Regulation Authority has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including ...
Chief executive banned for paying wife
ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... mutual insurer has copped two large fines and a ban from the UK's Financial Conduct Authority and Prudential Regulation Authority after he paid his wife close to $400,000 to reduce his personal tax liability. Stuart Forsyth was chief executive of Scottish ...
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