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

Search Results

Showing 41 - 50 of 228 results for "operational risk"

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ASFA, JANA release draft guidance on operational due diligence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 a draft guidance note on investment management operational due diligence ahead of Prudential Standard CPS 230 Operational Risk Management. Shaped through consultation with the industry, key updates to the draft guidance include updates to align better ...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."

ASFA, EY release guidance on CPS 230

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025
... prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees responsible for operational risk management of third-party providers. ASFA said a key component of its guidance document involves increasing industry awareness ...

Hearts & Minds chief exits

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... strengthened HM1, identifying key enhancements that will result in a more efficient, streamlined business with reduced operational risk. "Ironically, it is because of these improvements that we are now able to transition to a leaner leadership structure. ...

Northern Trust survey reveals what's testing asset owners

ANDREW MCKEAN  |  MONDAY, 14 APR 2025
Northern Trust's inaugural global study of 180 asset owners has mapped the pressures, both internal and external, they expect to face in the coming year. The study canvassed responses from senior leaders from pension funds, multi-managers, outsourced ...

RBA flags 'policy changes' could derail super

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... risk of operational disruptions. Continued strengthening of superannuation funds' governance and liquidity and operational risk management practices is therefore an area of ongoing focus of regulators."

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... concerns over ANZ's non-financial risk management practices and risk culture. These include weaknesses in the bank's operational risk and compliance management and a reactive risk culture. APRA said it has been taking measures, through reviews and engagements ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... (ASIC) have written a damning open letter to the ASX to address their increasing concern over the management of operational risk. In a joint letter to the ASX, the regulators expressed their deep concerns about the potential for operational incidents ...