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

Search Results

Showing 71 - 80 of 418 results for %22Prudential Standard%22

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
... latest development comes following APRA's announcement that it has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers.

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
Following multiple breaches to prudential and reporting standards, the Australian Prudential Regulation Authority (APRA) has hit Macquarie Bank with increased liquidity and operational risk capital requirements. Macquarie Bank breached APRA's reporting ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australian Prudential Regulation Authority has released its final reporting standards for the first phase of the Superannuation Data Transformation (SDT) as it looks to clear out underperformers. Phase one addresses the most urgent gaps in APRA's ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... the plan to named executives and board members and incorporate outcomes into remuneration decisions. In addition, the prudential regulator launched action against the bank over material breaches of liquidity standards relating to incorrect treatment ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... will be known as Blue Collar and Low Risk will become White Collar. The Professional work rating will not change. The prudential regulator is slamming the group insurance sector for delivering poor member outcomes off the back of a hoard of super funds ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Your Future, Your Super on APRA to-do list

ELIZA BAVIN  |  TUESDAY, 2 FEB 2021
... outstanding. APRA said it will also work to strengthen crisis preparedness, including the development of a new prudential standard on resolution and recovery planning, considering the lessons of the past 12 months. It said it will update prudential standards ...

APRA delays insurance in super guidance

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... released in November last year after taking on board suggestions from those in the industry. The guidance, Prudential Standard SPS 250 Insurance in Superannuation, seeks to establish requirements for an RSE licensee with respect to making insurance benefits ...