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Showing 61 - 70 of 146 results for %22Governance Assessment%22

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... financial services would deliver the Australian community what it wanted to see in the sector: long-lasting improvements to governance, culture, remuneration and accountability (GCRA). The four-year timeline was necessary, Byres said, and APRA needs ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... a harm minimisation exercise. "Our new supervisory initiatives - Close and Continuous Monitoring and the Corporate Governance Taskforce - also continue to gain momentum. Finally, we are dedicating significant additional resources to support the Government's ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... week hit insurer Allianz with an additional capital requirement of $250 million, after gaps were identified by its governance risk self-assessment. APRA said the extra capital requirement - the first applied to an institution outside the big four banks ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
APRA slapped an additional capital requirement on insurer Allianz after gaps were identified by its governance risk self-assessment. The insurer has been hit with an additional $250 million capital requirement by the prudential regulator following its ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... to non-financial risk management and compliance, as identified in our self-assessment on culture, accountability and governance." "NAB's program of reform includes 26 actions, which are all well underway. Executive and Board customer committees are ...

APRA proposes new remuneration standard

KARREN VERGARA  |  TUESDAY, 23 JUL 2019
... determining variable remuneration will encourage executives to put greater focus on non-financial risks, such as culture and governance," he said. "As our recent response to the industry self-assessments made clear, this remains a weak spot in many financial ...

Impact investing under threat

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... or impact investment and what the reality may be. She argues there is one clear way to fight impact-washing - good governance. According to Addis, proper governance around impact investments changes the conversation - giving impact the same weight as ...

Legg Mason launches new fund

ELIZABETH MCARTHUR  |  FRIDAY, 31 MAY 2019
... launched a new fund to meet growing market demand for investment options that incorporate environmental, social and governance (ESG) frameworks. The Legg Mason QS Investors Global Responsible Investment Fund will embed positive ESG analysis alongside ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... findings on CBA, worried they too may not be managing non-financial risks appropriately. In its Self-assessments of governance, accountability and culture report, APRA asked the following super funds to conduct a self-assessment: AustralianSuper, Commonwealth ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... financial services entities, including super funds, to improve cyber security standards. Head of risk management and governance consulting for NCC Group Joss Howard says that APRA's new information security standard stipulates that APRA regulated entities ...