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Showing 451 - 460 of 1253 results for "Prudential"

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... accounting firm EY which provided a "reasonable basis" to conclude IIML had breached section 52 of the SIS Act and prudential standards SPS 520 and 521, which relate to conflicts of interest. APRA said it would seek to disqualify five individuals that ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
... account. Currently, eight million Australian's invest their super in choice products, and Scheerlinck called for the prudential regulator to publish comparative data so they could more easily compare options for investing their retirement savings. "Constant ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... was asked about the regulator's superannuation work in the final hours of the Royal Commission's public hearings. The prudential regulator reviewed AMP's trustee framework called a "business monitoring model" in 2017 and branded it as "robust". Then ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
APRA chair Wayne Byres said the prudential regulator still hasn't locked in how it will enforce the BEAR regime if a bank executive breaches it, five months on from the change. Continuing his testimony on the Royal Commission's final day, Byres told ...

Frydenberg splashes $50m to pursue financial services crime

HARRISON WORLEY  |  FRIDAY, 16 NOV 2018
... ADG and will feature the agencies regulating financial services. The moves follow Frydenberg's funding boost for the prudential regulator, APRA, earlier this month. The agency was awarded an additional $58.7 million in funding over the next four years ...

APRA beefs up cybersecurity standards

HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
... of the regulator's new information security standard. On Wednesday the regulator released the final version of its prudential standard focused on information security management, requiring its regulated entities to clearly define information security ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
... the financial services industry, boosting APRA's funding and reappointing chair Wayne Byres for five years. The prudential regulator will welcome an extra $58.7 million in funding over the next four years, in a move set to increase the number of ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... the superannuation round of the Royal Commission for being toothless tigers. APRA deputy chair Helen Rowell said the prudential regulator banned one person (Trio Capital director David Millhouse) and disqualified 133 people for not being fit and proper ...

APRA readies ADIs for BEAR

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
... institutions brace for the Banking Executive Accountability Regime, which is set to take effect on 1 July 2019. The prudential regulator released guidance for the smaller players in the banking and finance industry after implementing the regime for the ...

APRA will rethink how it assesses risk: Byres

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... FINSIA Summit in Sydney this morning. Byres also wondered out aloud about APRA's approach to risk. "Consistent with prudential supervisors around the world, APRA has traditionally examined cases of poor conduct as an indicator of risk, but not a direct ...