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Showing 21 - 30 of 146 results for %22Governance Assessment%22

More alpha gains through ops

ELIZABETH FRY  |  TUESDAY, 13 DEC 2022
... complicates the operational structure. Leaper goes on to say that funds need systems, risk management and compliance, governance, decision-making forums, and many more delegations from the board to support these changes. They need to hire more risk people ...

The most powerful driver of risk culture in super: KPMG

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
According to a KPMG risk management trends in superannuation report, governance is believed to be the most powerful driver of risk culture in super, but some frameworks have deficiencies. KPMG said funds have established a risk culture framework which ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
... speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance is an ongoing and increasingly sharp focus for APRA as super funds get larger and their operating environment more complex. ...

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 ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... assist all trustees as they evaluate and improve their outsourcing management practices, especially given the higher governance and decision-making expectations established by the Your Future, Your Super reforms and SPS 515. Of note, the findings from ...

ASIC capability review released

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... in 2023 to 2024 will assess different areas of its functions. "The FRAA will consider how the changes in ASIC's governance and accountability framework are operating in practice and also intends to review ASIC's progress on the recommendations ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... trustees' practices as they relate to their 'best financial interests duty' (BFID) obligations, investment governance, successor fund transfers and financial resilience, strategic planning and business performance review practices, insights ...

Super fund climate risk assessment results released

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... superannuation funds in managing climate-related risks and opportunities as part of their existing risk management and governance frameworks. The guide outlines better practice for identifying, managing and disclosing financial risks of climate change ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
APRA has removed the additional capital overlay it applied to Allianz Australia to address its risk governance weaknesses. Initially, a fine of $250 million was imposed on Allianz in 2019, in response to issues raised in a risk governance self-assessment ...

Blackstone one step closer on Crown deal

ANDREW MCKEAN  |  FRIDAY, 10 JUN 2022
... in the Authority's ongoing work to ensure Crown Sydney is able to fully meet its undertakings for major operational, governance and structural reforms. "As the prospective owner of Crown Resorts, Blackstone has been required to demonstrate the highest ...