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Showing 11 - 20 of 75 results for %22Prudential Inquiry%22

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... inform industry and the public about APRA's work. APRA said its new "more transparent approach" builds on the Prudential Inquiry into the Commonwealth Bank of Australia and the results of the self-assessments APRA requested from a series of large financial ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... directly to chief executive Matt Comyn, ensuring the bank is implementing the recommendations from the APRA's prudential inquiry report into governance, culture and accountability within CBA.

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... the extra capital requirement - the first applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified gaps were closed.

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... its governance. The additional capital requirement is the fifth applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

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 ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent staff and hinted at a new enforcement approach. The statement was set ...

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 ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... matters I have mentioned concern the proper governance of the fund. Proper governance is, in my view, a matter for the prudential regulator APRA to supervise," he said.