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Showing 421 - 430 of 1253 results for "Prudential"

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained. The prudential regulator released its new enforcement strategy alongside the enforcement review that commenced in November after its enforcement ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent staff and hinted at a new enforcement approach. The statement was set ...

AMP, IOOF: Saved by ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... spotlight of the Royal Commission "with deteriorating relations with the main superannuation regulator, the Australian Prudential Regulation Authority (APRA)" it became clear that changes needed to be made to senior leadership at IOOF." The changes came ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
The prudential regulator's powers have been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... By this date, the SCT will cease operations. The cost will be offset by a corresponding increase in the Australian Prudential Regulation Authority Financial Institutions Supervisory Levies, he said.

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... financial institutions managing billions of dollars on behalf of members." Rowell noted in the letter that APRA's suite of prudential standards has promoted improved governance and risk management and said in the coming year APRA's focus will be ensuring ...

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... protecting against the rise in information security risks, including cyber-crime. The consultation is seeking feedback on Prudential Practice Guide 234 Information Security (CPG 234) which will replace the current CPG 234 Management of Security Risk ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... regulator's new role as the primary conduct regulator for superannuation. APRA's extra $150 million in funding will see the prudential regulator extend the Banking Executive Accountability Regime (BEAR) to all APRA-regulated entitles, including super ...

EQT hires risk and superannuation strategy lead

KARREN VERGARA  |  MONDAY, 25 MAR 2019
... (STO). Watts worked across a range of areas including superannuation, insurance and banking at APRA. He joined the prudential regulator in 2012 as a financial analyst before moving to a managerial role in September 2016. Prior to APRA he held a management ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...