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Showing 41 - 50 of 513 results for "Australian Prudential Regulation Authority"

Bank chief steps down amid expenses scandal

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
... finally stepping into the chief executive role. The Reserve Bank of New Zealand and Australian Prudential Regulation Authority were notified of the change in leadership. Antonia Watson is now acting as chief executive for the New Zealand arm of the bank. ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... change ANZ's position of continuing to monitor IOOF's response to matters raised by the Australian Prudential Regulation Authority (APRA) before making a decision about the final transfer of the business. This comes after IOOF breached its APRA licence ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The Australian Prudential Regulation Authority has granted Judo Bank, formerly Judo Capital, a licence to operate as an authorised deposit-taking institution without restrictions in what is being welcomed as a win for banking competition and fintechs. ...

AMP, IOOF: Saved by ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... Commission "with deteriorating relations with the main superannuation regulator, the Australian Prudential Regulation Authority (APRA)" it became clear that changes needed to be made to senior leadership at IOOF." The changes came in December when APRA ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... SCT will cease operations. The cost will be offset by a corresponding increase in the Australian Prudential Regulation Authority Financial Institutions Supervisory Levies, he said.

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... funds face criminal penalties for breach of their best interests duty and provide the Australian Prudential Regulation Authority with more powers to deal with underperforming superannuation funds," Federal Treasurer Josh Frydenberg said in a statement. ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Australian Competition and Consumer Commission chairman to lead a capability review of the Australian Prudential Regulation Authority. Responding to the Royal Commission's final report into Misconduct in the Banking, Superannuation and Financial ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... get our "houses" in order. However, tighter lending restrictions implemented by the Australian Prudential Regulation Authority (APRA) and as a result of the Hayne Royal Commission have already dented confidence in the Australian property market, sending ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
... return a SMSF investor would have achieved if they invested in the same way the typical Australian Prudential Regulation Authority (APRA) regulated MySuper product invests. How do SMSFs diversify right now? Australia had 593,000 SMSFs as of December ...

Chief economist update: Building approvals on a slowing trend

BENJAMIN ONG  |  THURSDAY, 31 MAY 2018
... housing market should provide comfort to both the Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA). Ben Ong is the Director of Economics and Investments at Rainmaker Group. He previously worked as a fund manager ...