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Showing 41 - 50 of 224 results for "operational risk"

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 ...

Perpetual appoints demerger specialist

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... similar role, he managed the exit and transfer of trustee duties for multiple investments and carried out the operational risk review of the business. He also worked at NAB Asset Management, J.P. Morgan and several boutique hedge funds. Song began his ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... cultural and/or governance failures observed by APRA, including "significant and persistent weaknesses" in its operational risk management framework, as well as concerns related to insurance administration and outsourcing. Cbus will engage independent ...

Super moves: ART, QIC, Rest, CareSuper

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025
... portfolio construction and strategy, private markets and listed assets teams. He was appointed senior manager of operational risk and compliance in the investment management team two years ago after being hired from Deloitte. Foo was a director at Deloitte ...

Netwealth, Praemium see inflows soar

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025
... documents. There will be an introduction of a $300 annual cap per account for the Netwealth Super Accelerator on the operational risk financial requirement cost. Netwealth said the move will reduce costs for certain members, with a negligible impact ...