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

Search Results

Showing 341 - 350 of 1253 results for "Prudential"

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... open for consultation. The government has taken a major step towards ensuring the cooperation of the corporate and prudential regulators, opening a period of consultation on draft legislation implementing the recommendation of Royal Commissioner Kenneth ...

New Year, new APRA

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... to review its key performance indicators (KPIs) set out within the Government's Regulator Performance Framework. The prudential regulator identified three areas where it could improve. "Overall, APRA considers it has met all six KPIs set out in the Framework. ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
The prudential regulator has hit Colonial First State's Avanteos Investments with additional licence conditions for charging fees to thousands of dead superannuation members. The firm, which holds a Registrable Superannuation Entity license, charged ...

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
... These changes will assure that insurance arrangements are made in the best interest of members. O'Halloran says the prudential regulator's revisions come at an opportune time. "APRA's intervention here is timely - given AMP's abhorrent insurance claims ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
The prudential regulator has finally published its long-awaited heat map for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable. APRA released the first iteration of its MySuper heat ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... and lift overall industry standards in a shift towards greater transparency and scrutiny of the banking sector. The prudential regulator has pushed for all data from authorised deposit-taking institutions (ADIs) to be considered non-confidential, and ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... directors, individually, the chief executive and by and large the next layer of group executives," Byres said. The prudential regulator chair said that each of these people have "their own obligations under the BEAR regime - to act honestly, conduct ...

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 ...

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
The prudential regulator has told the House of Representatives Standing Committee on Economics that despite tough conditions it has shown an increased appetite to be "constructively tough". APRA chair Wayne Byres told the committee that broader enforcement ...