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Showing 21 - 30 of 160 results for "ADI"

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
In the most recent stakeholder survey conducted by APRA, small superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
Challenger's majority stake in Elanor Investors Group continues to drop as another investor has come in to secure a minority stake. Challenger will now have a 13.7% interest in ASX-listed Elanor (ENN), down from 16.7% as revised in May. This dropped ...

Hejaz backs local Islamic bank

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... takes up a directorship at the latter. The fledgling Islamic Bank Australia, which is currently operating under a restricted ADI, is due to launch some time in 2023-24. It is currently building and testing its products and infrastructure before it embarks ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
Treasury has proposed a 1.5% increase in the Financial Institutions Supervisory Levies for the 2023-24 financial year, including a $7.2 million budgetary boost for APRA. Treasury papers revealed the total funding required under the levies in 2023-24 ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... reserve standards, requiring issuers to hold the full amount of their face value liabilities in accounts with an Australian ADI. Further, the Bill requires banks and financial institutions to disclose their use and management of foreign CBDCs in Australia ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... will target. "It may be that we need to look more closely at concentration risk in deposits and adjust requirements where an ADI has particularly high exposure to a particular industry or demographic," he said. "These types of contemplations are already ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... balances. Now it just represents 2% and 11%, respectively, as of November 2022, a level considerably lower than the banking (ADI) sector. And we note most loans of LTV > 80% would be subject to lenders mortgage insurance (LMI)," the whitepaper reads. ...

AMP swoops in on $112m student accom facility

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
AMP Capital has purchased the newly developed 731-bed student accommodation facility from the Australian National University (ANU) for $112 million. The acquisition now makes AMP Capital Australia's largest investor in on-campus student accommodation ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
APRA general manager of governance, culture, remuneration and accountability Stuart Bingham said a strong risk culture is essential for effective risk management outcomes. In a speech, delivered at the Financial Services Assurance Forum, Bingham discussed ...