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Showing 311 - 320 of 1253 results for "Prudential"

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... AUSTRAC civil proceedings brought against it in November 2019, and is also currently being investigated by both the prudential and corporate watchdog. AUSTRAC uncovered more than 23 million breaches of anti-money laundering and counter-terrorism laws ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... temporary capital treatment for bank loans with repayment deferrals and restructured loans. Earlier in the year, the prudential regulator lifted reporting requirements for deposit taking institutions providing repayment relief to impacted Australians ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
The prudential regulator will request additional data from the country's super funds, in a bid to understand the full impact of the COVID-19 pandemic on the industry. The COVID-19 Pandemic Data Collection (PDC) will enable the regulator to conduct an ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities to investigate any matters that contravene accountability obligations under the ...

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 ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... implementation of the Financial Accountability Regime and ongoing discussions about default arrangements and enhanced prudential oversight. "Other issues include demographic shifts and changing customer preferences - members are demanding more personalised ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... that highlighted about 70% of Hostplus's infrastructure assets were managed by IFM Investors and built on to ask the prudential regulator for an enquiry while stating the committee would expand its work. In his response sent on Tuesday, the IFM Investors ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... more action to ensure they had liquidity available. "But none that we would classify as having raised concerns from a prudential perspective." Paterson then asked if APRA had provided any advice to the government about the need for the Reserve Bank to ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics show the super industry contracted over the latest quarter, as ...

Culture is key in a crisis: Australian Ethical

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... themselves, Hughes said, and operate on a "no surprises basis". "We are regulated by both APRA and ASIC, and from a prudential perspective and managing the risk, we proactively contacted APRA to advise them that we had activated our crisis management ...