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Showing 81 - 90 of 1136 results for "Prudential"

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
... super funds in managing operational risk, opening a new consultation. As part of the consultation, APRA has released Prudential Standard CPS 230 Operational Risk Management which includes minimum standards for all APRA-regulated entities in managing ...

Macquarie appoints directors to bank board

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
... plan, which includes detailed programs of work across governance, remuneration, risk culture, regulatory reporting, prudential risk management and a simplified group structure," Stevens said. As part of the governance workstream, the directors have been ...

Wayne Byres to stand down

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... career, Mr Byres has made a significant contribution to the Australian financial system and the global framework for prudential regulation. "His leadership and expertise has positioned the Commonwealth to respond well to some of the greatest challenges ...

Qualitas announces changes to executive leadership team

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
... (CCP), a boutique real estate fund manager and held senior leadership roles with AMP Capital, Perpetual Limited and Prudential PLC. Commenting on his own appointment, Winterton said: "I am delighted to be joining Qualitas at this exciting stage for the ...

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... Responding to submissions to its consultation process for strengthening investment governance standards (SPS 530), the prudential regulator said several submissions contained requests for detailed guidance on managing risks associated with ESG practices. ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... governance self-assessment that APRA asked Allianz and a range of other institutions to undertake following 2017's Prudential Inquiry into Commonwealth Bank. The capital penalty was to remain in place until the insurer completed remediation work to strengthen ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... priorities covered in APRA's 2021-2025 corporate plan. The plan outlined that the regulator was duly strengthening prudential standards to ensure the superannuation industry rectified sub-standard practices. The strengthened prudential standards focus ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... to peruse payouts below $30 million. Therefore, the quantum of the threat to super funds couldn't be understated. On prudential standards for reserving policies, the AIST stated any plans must include a trigger framework for the early identification ...

Regulators release crypto, cyber security roadmaps

CHLOE WALKER  |  THURSDAY, 21 APR 2022
The prudential regulator has set out in a letter its initial risk management expectation for individuals that engage in activities associated with crypto assets, as well as a policy roadmap for the future. In particular, APRA expects that all regulated ...