Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 461 - 470 of 1253 results for "Prudential"

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... but is showing evidence of commitment. CBA was required to put together a remediation action plan after APRA led a prudential inquiry into the bank's governance, culture and accountability in August 2017. The APRA inquiry's final report made 35 recommendations ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... safeguarding retirement savings and the stability of the financial system. APRA deputy chair Helen Rowell confirmed the prudential regulator has banned just one person from being a responsible person - a director in the Trio Capital debacle - since laws ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... remuneration and the likelihood of misconduct. "Given the terms of reference for, and the resulting report of, the Prudential Inquiry into Commonwealth Bank, it would be surprising and cause for concern, if APRA's approach to prudential governance ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... lending responsibly and as an example, approving loans at 20-30% less than what a customer asks to borrow; and macro prudential tools like APRA still seem to be in place. WAM thinks banks will not outperform the market with the regulatory headwinds from ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
Treasurer Josh Frydenberg appointed a Treasury official as the second deputy chair at Australia's prudential regulator. John Lonsdale links with APRA as a full-time member and second deputy chair for the next five years, with a remit to strengthen the ...

Increasing trust not up to APRA: Byres

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
Regaining the trust of Australians is a responsibility for the financial services industry, not the prudential regulator. Speaking at the Annual Risk Management Association CRO conference in Sydney this week, APRA chairman Wayne Byres said the Royal ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... to the Suncorp Portfolio Services Limited (SPSL) case study - which may not be consistent with the requirements of Prudential Standard SPS 231 Outsourcing. Maurizio Pinto, the executive manager of the office of the superannuation trustee within SPSL ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... services provided by SLSL nor did it take into account the arrangement was commercial and at arm's length; Contravened Prudential Standard SPS 231 (outsourcing) by failing to ensure SPSL could demonstrate the outsourcing arrangement with SLSL is ...

Royal Commission on social media: Regulators under scrutiny

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... (@aus_employ_law) August 17, 2018 Employment lawyer David Taylor expressed the view that Australia's corporate and prudential regulators are afraid to go after big financial institutions. The Royal Commission into the banks is further proof of the ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
The Royal Commission heard Australia's prudential regulator has banned one person for not being fit and proper since 2008 - after the law changed requiring APRA take the matter to court. Under examination from counsel assisting Michael Hodge, APRA deputy ...