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Showing 31 - 40 of 418 results for %22Prudential Standard%22

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
... valuations and valuation processes. "We adopt independent expert valuations and reflect those in the unit prices - which the prudential regulator is fine with," Sicilia says. He says that valuation methods are underpinned by domestic and global accounting ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential Standard SPS 530 Investment Governance (SPS 530). Draft Prudential Practice Guide SPG 530 Investment Governance (SPG 530) also includes ...

Super is enabling private market democratisation: PGIM

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... by Financial Standard, APRA has released updated guidance on investment governance for super trustees. The new draft prudential guidelines lay out new requirements for liquidity management, stress testing and valuations practices.

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
APRA has proposed to replace the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees, to improve how they manage financial resources to protect fund members from poor operational ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... indicators point to this achieving better outcomes for members." As such, APRA intends to introduce requirements in Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to ensure all RSE licensees are appropriately prepared to ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
New APRA chair John Lonsdale wrote to banks and general and life insurers to remind them of the prudential requirements for additional Tier 1 and Tier 2 capital instruments. "With global credit spreads widening significantly over the past 12 months ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... said: "As the banking system changes, policymakers must continuously evaluate whether resolution-related standards and prudential standards for large banks keep pace." Separately, Fed vice chair Lael Brainard raised concerns about the increased banking ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... destroy all the information. They must also attest to APRA that the data will be managed in accordance with Prudential Standard CPS 2234 Information Security. "The proposed changes will also allow for increased fraud detection in the broader financial ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... APRA prescribed that to monitor and support the measurement of outcomes for members effectively, in line with Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515), better practice requires trustees to clearly define and measure ...