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Showing 31 - 40 of 224 results for "operational risk"

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... alleged roles in the loss of $1 billon of investor money. InterPrac managing director Garry Crole said super funds' Operational Risk Financial Requirement (ORFR) should be activated in the same way that victims of Trio Capital were remediated. "Use of ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... resolve that problem with the entity and with other regulators in the most efficient way that we can," he said. "On operational risk more broadly, we've got CPS230 that complements the cyber standard that we have, and third parties is a really key ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... board's oversight of the insurer's long-term objectives. It has now imposed the capital requirement as an operational risk capital add-on, as well as additional licence conditions requiring KeyInvest to design and implement remediation plan addressing ...

ASX chief compliance officer to step down

MATTHEW WAI  |  FRIDAY, 1 AUG 2025
Daniel Moran, the chief compliance officer of the Australian Securities Exchange (ASX) since January 2023, has announced his resignation. During the transition period, general manager listings compliance Garth Riddell will step into the role of interim ...

SS&C to take over Calastone for $1.6bn

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... capabilities, the two companies will deliver a unified, real-time operating platform to reduce cost, complexity, and operational risk across the global fund ecosystem as well as shaping distribution, he said. Calastone chief executive Julien Hammerson ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
APRA is warning superannuation funds "not to cut corners" when in it comes to getting their operational risk management in order as the landmark prudential standard CPS 230 comes into effect today. CPS 230 Operational Risk Management effectively forces ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... investment, and insurance risks, was flagged as critical or high by 70% of respondents, while 48% said the same for operational risk. Notably, cyber security risk was rated particularly high among superannuation trustees. Financial risks such as credit ...

ASFA, JANA release draft guidance on operational due diligence

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... a draft guidance note on investment management operational due diligence ahead of Prudential Standard CPS 230 Operational Risk Management. Shaped through consultation with the industry, key updates to the draft guidance include updates to align better ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... on a transformation strategy with several of the initiatives designed to strengthen culture and capabilities, operational risk management, business resilience and technology resilience, but we acknowledge there have been incidents that have damaged trust ...

ASX offloads interest in Digital Asset

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... with our customers and stakeholders," Lofthouse said. "We still have a way to go, and there are areas such as operational risk and business resilience where we are redoubling our efforts and making further investment."