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Showing 1 - 10 of 527 results for "Australian Prudential Regulation Authority"

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... Financial, be subject to the approval of the Foreign Investment Review Board and the Australian Prudential Regulation Authority." The proposal is subject to several conditions, including satisfactory completion of due diligence on an exclusive basis ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
The Australian Prudential Regulation Authority (APRA) released its quarterly superannuation performance publication and quarterly MySuper statistics report for the September quarter, showing superannuation assets have passed the $4 trillion mark. Total ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
The Australian Prudential Regulation Authority (APRA) will keep its current macroprudential policy settings steady following its regular review of domestic and international economic and financial conditions and risks. APRA's macroprudential policy ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... conduct failures do not re-occur," ANZ chief executive Shayne Elliott said. Further, the Australian Prudential Regulation Authority (APRA) has also increased the capital penalty over ANZ's non-financial risk management practices. APRA chair John Lonsdale ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... before to amplify shocks in the financial system". The RBA said for these reasons, the Australian Prudential Regulation Authority is stepping up the intensity of its supervision of superannuation funds. Australia's super sector is worth $3.9 trillion ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
The Australian Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... strong understanding of the needs of workers," she said. Schubert went on to label the Australian Prudential Regulation Authority (APRA) a "strong and diligent" regulator of the super industry. "Funds are required to adhere to stringent standards in ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability ...
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