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Showing 21 - 30 of 80 results for "ADIs"

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... restrictions on dividends from their New Zealand operations. APRA has therefore set an expectation that dividend payout ratios for ADIs will be maintained below 50 per cent for this year." Plato Investment Management managing director Don Hamson said ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... allow Australia's banks to continue to support borrowers through the crisis. "These measures are designed to incentivise ADIs to continue to support their customers through an extended period of uncertainly, while at the same time facilitating the restructure ...

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 ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... saying they have a crucial role to play in supporting Australian households, businesses and economy. APRA said it expects ADIs and insurers to limit discretionary capital distributions in the months ahead, to ensure that they instead use buffers and ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... operating environment and the need to preserve capacity to prioritise these critical activities," APRA said in a letter to ADIs and insurers. Additionally, the regulator said decisions on capital management "need to be forward-looking", and warned institutions ...

APRA introduces annual stress-testing

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... deposit-taking institutions are in need of ongoing improvement in stress testing for all entities, according to APRA's review of 28 ADIs. The regulator said all ADIs should review their internal stress testing frameworks after the findings indicated ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... 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 as such, publishable. Currently APRA publishes less than 1% of ADI data. APRA executive ...

Investec scores ADI licence

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... Paribas, Societe Generale, UBS AG, Credit Suisse AG and Royal Bank of Canada are some examples of foreign banks that operate as ADIs in Australia. Deposit-taking activities are limited to a minimum of $250,000. Investec Australia chief executive Milton ...

ASIC product intervention to commence

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
... Example case studies of the kind of instance ASIC would intervene in include the automatic rollover of term deposits seen by ADIs in 2009. Institutions were actively and deliberately engaging in dual pricing; advertising the higher interest rates available ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... 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 findings on CBA, worried they too may not be managing non-financial risks appropriately. In its ...