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Showing 61 - 70 of 228 results for "operational risk"

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... APRA said it has longstanding concerns with ANZ's non-financial risk management, having imposed a $500 million operational risk capital add-on to the bank in 2019 to reflect deficiencies in its risk governance. That capital add-on has remained in place ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... committed to identifying and remediating all impacted members and allocating additional resourced to replenish its Operational Risk Financial Requirement to 0.25% of funds under management, $40 million of which will be held as an overlay until all terms ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... management; data management; financial and regulatory reporting; hardship processes; insurance risk management; operational risk management; product design and distribution obligations; product origination; recover and exit planning and resolution planning ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... prudential practice guide to help superannuation trustees, banks and insurers strengthen their management of operational risk and improve business continuity planning. The new Prudential Practice Guide CPG 230 Operational Risk Management (CPG 230) is ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... trustees' policies, processes, and practices in delivering good member outcome to enforce Prudential Standard CPS 230 Operational Risk Management, and transparency in administering the legislated performance test and heatmaps. The consultation runs ...

Lendlease ditches overseas construction

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... markets where we have proven we have the right to play, and the competitive advantage to win, the financial and operational risk profile will be lower, and we believe the quality of our earnings ultimately higher and more sustainable." Management expects ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... Hockey in August of last year on the regulator's expectations in relation to Prudential Standard CPS 230 Operational Risk Management, which all APRA-regulated entities must comply with from 1 July 2025. In that speech, McCarthy Hockey said: "Perhaps ...

MetLife chair Geoff Brunsdon retires after 13 years

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... as we transform our business, leveraging technology to help us deliver a better customer experience and manage operational risk," Nunn said. "As we do this, we will benefit from Nicola's extensive governance experience..." In addition to the new chair ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... niche skills, Chisholm added. Experience across investment and market risk, investor reporting, enterprise and operational risk, ESG and sustainability risk, operational due diligence, and financial crime and cybersecurity are among the key skill sets ...

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
The Australian Prudential Regulation Authority (APRA) has proposed changes to operational risk financial requirements for registrable superannuation entities (RSE) licensees. The prudential regulators adjustments are designed to bolster the ability ...