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Showing 371 - 380 of 1253 results for "Prudential"

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
... contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management Limited and Questor Financial Services, and the five ...

APRA hires from AustralianSuper

HARRISON WORLEY  |  MONDAY, 9 SEP 2019
A portfolio manager in the nation's largest superannuation fund has taken a leadership role at the prudential regulator. APRA confirmed to Financial Standard the appointment of AustralianSuper senior portfolio manager Mark Ferguson as head of investment ...

APRA updates enforcement approach

KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
... Review, which made seven recommendations designed to help APRA better leverage its enforcement powers to achieve sound prudential outcomes. The "constructively tough" enforcement appetite it set out in that document can be seen through actions it has ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
The prudential regulator confirmed a "traffic light" system aimed at weeding out underperforming superannuation funds is currently in the works. Deputy chair Helen Rowell flagged APRA is developing a heat map based on four key areas -investment returns ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... reporting 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.

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... it failed to set up before its March 31 deadline earlier this year. Not meeting the OST deadline drew the ire of the prudential regulator, which in May exercised its newly vested powers and directed IOOF to implement and maintain the OST or risk facing ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... requirements for non-centrally cleared derivatives. Consultation has opened for APRA-regulated entities to consult with the prudential regulator over proposed changes to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... governance risk self-assessment. The insurer has been hit with an additional $250 million capital requirement by the prudential regulator following its risk governance self-assessment, which revealed remediation work was underway to strengthen its risk ...

Byres warns not to spread APRA too thin

HARRISON WORLEY  |  MONDAY, 12 AUG 2019
... House of Representatives Standing Committee on Economics on Friday, APRA deputy chair John Lonsdale reiterated the prudential regulator's view that it requires more funding to ensure it remains an effective regulator. "APRA has been clear from the ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... "The real question is whether a product is achieving its investment objectives." APRA's looming member outcomes prudential standard SPS 515, which takes effect from January 2020, expects trustees to clearly articulate and measure their performance ...