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

Search Results

Showing 31 - 40 of 76 results for "CPS"

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
In a notice to the ASX, AMP said Lazard Asset Management has ceased being a substantial holder in the company. On June 30, Lazard sold more than 17 million shares in AMP worth over $29 million. In Lazard's June fund updates, AMP was among the top five ...

BetaShares swaps out unlisted fund

KANIKA SOOD  |  MONDAY, 6 APR 2020
... BetaShares is closing an unlisted fund in global equities and moving investors to a newly-established fund. The BetaShares CPS - Global Managers Trust was externally managed and invested in global shares. BetaShares has decided to replace the fund with ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... services and said APRA plans to push ahead with its draft remuneration plan despite harsh criticism. Speaking about the draft CPS 511 Remuneration standard, Rowell said in the seven months since it was released for consultation, the regulator has received ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... has opened for APRA-regulated entities to consult with the prudential regulator over proposed changes to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226) which would accommodate a global decision ...

Deeming rate calculations should be independent: Poll

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
The majority of Financial Standard 's readership agrees the calculation of deeming rates should be appointed to an external, independent body. After the Federal Government lowered deeming rates from July 1, we wanted to find out if the Minister ...

APRA proposes new remuneration standard

KARREN VERGARA  |  TUESDAY, 23 JUL 2019
... for its regulated entities on the back of the Hayne Royal Commission's final recommendations. Draft prudential standard CPS 511 Remuneration is open for consultation until October 22. Chief among the proposals affect variable remuneration - financial ...

Industry fund appoints chair

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... management, Janet has played a large role over recent years in driving significant enhancements to the governance structure of CPS through her work on our Risk and Audit, Remuneration and Investment Committees," he said. Since 2015, Whan has brought ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... security guidelines for the first time since 2013 and financial services entities are under pressure to prevent cyber-crime. The CPS 234 Information Security standard means that relevant entities need to have adequate measures in place to protect customer ...

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... security in the financial services industry. He said: "Due to the urgency of the threat, APRA fast-tracked the implementation of CPS 234. This updated guide will assist industry to implement the requirements of the standard, recognising that not every ...