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Showing 21 - 30 of 418 results for %22Prudential Standard%22

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that exposed issues within the Bank of Queensland's (BOQ) operational risk, compliance and risk ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
Finalising new prudential standards, APRA is aiming to bolster banks, insurers, and superannuation trustees' resilience against future financial crises. APRA hopes the new standards will equip these financial entities with strategies to counteract threats ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... 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 not be introduced ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... concentration risk, calling into question how these were measured and reported. The breaches specifically relate to Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge and Reporting Standard LRS 117.0 Asset Concentration Risk ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... greater or lesser extent. "We need to be ready to act quickly, but we also need greater confidence than ever in the prudential safeguards we have in place," he said. Lonsdale explained as the speed of crises accelerates, regulators have less time to ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... cyber risk management," Ellis said. She also noted that all APRA-regulated super funds would be assess under Prudential Standard CPS 234 Information Security this year. Last year, Spirit Super was the subject of a breach that saw the information of about ...

Super funds are lousy at communications: Strategist

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... Well, 'Why can't I have it in my house? If not, just maximise return'." The largest single group are the prudential traditionalists. "They're the older, conservative group and are very important to superfunds as they have your highest ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential Standard LPS 115 Capital Adequacy: Insurance Risk Charge; Prudential Standard ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... address these concerns, APRA is conducting independent assessments of entities across all industries under Prudential Standard CPS 234 Information Security. "Our intention is that all APRA regulated super funds will be assessed in 2023," Ellis says. ...

Top 10 issues for super funds in 2023: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... concern for super funds, given the long-term nature of the industry. APRA has emphasised this by updating its Prudential Standard SPS530 Investment Governance, calling for super fund to undertake scenario testing on climate risk. Super funds will play ...