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Showing 41 - 50 of 63 results for "John Lonsdale"

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... out further action as more information comes to light about the root causes of these breaches," APRA deputy chair John Lonsdale said. Macquarie acknowledged the new requirements and said it has a number of programs in place to strengthen capital and ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... remain in place until Westpac completes its remediation under the CEU to APRA's satisfaction. APRA deputy chair John Lonsdale said: "Although the investigation has not found evidence of breaches of the Banking Act or the BEAR, APRA remains determined ...

Allianz to rectify past deficiencies

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... implementation of its transformation programs is integral to any decision to remove the add-on. APRA deputy chair John Lonsdale said the CEU will ensure the deficiencies that prevailed within Allianz for several years are finally remediated. "It also ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... that Westpac did not have the means to effectively address wide-ranging risk governance gaps. APRA deputy chair John Lonsdale described the undertaking with Westpac as a "serious step that indicates the severity of the situation". "The integrated plan ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... will assess the plan and provide an update to APRA within 15 days from the end of each quarter. APRA deputy chair John Lonsdale said entering into a CEU is a "serious step that indicates the severity of the situation." "The integrated plan required by ...

APRA takes action against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
... minimums, APRA's actions reflect how seriously we view breaches of our prudential requirements," APRA deputy chair John Lonsdale said. The objective is to obtain assurance that Westpac is complying with APRA's liquidity requirements while also sending ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
... liquidity coverage ratio which will remain in place until the third party review has been completed. APRA deputy chair John Lonsdale said the liquidity requirements ensure financial institutions can withstand an acute or longer-term stress scenario. ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... release payment and as a result this has the unavoidable effect of adding time to the process." He asked APRA chair John Lonsdale whether that was acceptable. "That seems extraordinarily slow. Will APRA take any actions on funds that are underperforming ...

APRA introduces annual stress-testing

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... frameworks after the findings indicated a number of considerations for improved capabilities. APRA deputy chair John Lonsdale said to complement the ongoing improvement in stress testing, APRA is moving towards greater frequency and depth of stress testing ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... strengthen risk governance in recent years, including through its self-assessment," APRA said. APRA deputy chair John Lonsdale said AUSTRAC's statement of claim in relation to Westpac contains serious allegations that question the prudential standing ...