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Showing 81 - 90 of 228 results for "operational risk"

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... beaches or its prudential standards and a review that exposed issues within the Bank of Queensland's (BOQ) operational risk, compliance and risk culture. As part of the action taken against the bank, APRA will require it to hold an operational risk ...

Insignia bolsters executive leadership team

ANDREW MCKEAN  |  THURSDAY, 18 MAY 2023
... the last decade at the Commonwealth Bank of Australia. Prior to Insignia, he was executive general manager for operational risk for the bank's business support functions. Meanwhile, Coyne is responsible for exercising fiduciary responsibilities on behalf ...

AustralianSuper to refund 100k members

CHLOE WALKER  |  FRIDAY, 12 MAY 2023
... to increase administration fees to pay for this, with the cost of the remediation to be paid from the fund's operational risk financial reserve," it said. "In addition, we have strengthened our process around managing multiple accounts for all members ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...

State Street buys outsourced trading firm

JAMIE WILLIAMSON  |  THURSDAY, 23 MAR 2023
State Street is acquiring CF Global Trading for an undisclosed amount. CF Global Trading specialises in outsourced trading on an agency basis for a range of asset classes and has been operating for more than two decades. It currently has execution desks ...

Commonwealth Super Corp hires former MTAA investments lead

ELIZABETH FRY  |  FRIDAY, 17 FEB 2023
Phil Brown has started a new position as senior manager of operational risk at Commonwealth Superannuation Corporation. In a post on social media, Brown said after a couple of contract roles as a project officer that lasted 18 months in total, the opportunity ...

APRA restructures, appoints new executive directors

CHLOE WALKER  |  WEDNESDAY, 1 FEB 2023
... long career with Macquarie, primarily based in London and New York. Most recently, she was global lead business operational risk, commodities and global markets group, she transformed the first line of defence risk function. These appointments take effect ...

Super funds must unlock diversification opportunities: HSBC

ANDREW MCKEAN  |  TUESDAY, 31 JAN 2023
The recent partnership between the Australian Institute of Superannuation Trustees (AIST) and HSBC will help superannuation funds diversify globally, says the latter's head of markets and securities services Nick Wheeler. In an interview with Financial ...

Managed accounts growth to continue: State Street

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
With more than half of Australia's financial advisers now using managed accounts, State Street ETF model portfolio strategist Sinead Schaffer says their popularity is only going to continue to rise. Speaking with Financial Standard, Schaffer said ...

Top 10 issues for super funds in 2023: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... private assets to deliver long-term returns and retirement outcomes, with the potential to impact investment and operational risk profiles, KPMG said. Super funds will be seeking global expansion and diversification, exploring offshore investments and ...