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Search ResultsShowing 1 - 10 of 100+ results for "Australian Prudential Regulation Authority"
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 ...
Xinja returns deposits
ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... announced the return of its authorised deposit-taking institution (ADI) licence. The Australian Prudential Regulation Authority began monitoring Xinja's return of deposits , worth more than $252 million, to 37,884 customers on 16 December. The neobank ...
Chief economist update: China on my mind
BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... (based on worldometers.info data), Australians could afford to wait for the jab. Latest Australian Prudential Regulation Authority (APRA) figures indicate that there's more than A$200 billion in savings - A$113 billion in household banking deposits ...
Challenger to buy industry-fund-owned bank
KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... settlement date of March 2021. The transaction needs approval from the Federal Treasurer and Australian Prudential Regulation Authority. The ASX-listed company will expand MLMF's term deposit offering by replicating the investment strategy it uses in ...
Westpac enters into court enforceable undertaking
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...
Life insurance performance plummets
ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... continued to take a hit to profit, with risk products reporting significant losses. The Australian Prudential Regulation Authority's (APRA) latest quarterly life insurance performance statistics paint a bleak picture with net profit after tax down 95.6% ...
APRA reduces CBA capital requirement
ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...
Retail super offerings in successor fund transfer
JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
... Super. Notifying members of the various plans, Diversa said it has been working with the Australian Prudential Regulation Authority (APRA) to ensure they funds have sufficient scale. "There have been a number of regulatory changes to superannuation ...
QInsure ramps up claims technology
KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... "We will be working closely with FINEOS under this heads of agreement to ensure APRA (Australian Prudential Regulation Authority) is supportive of our approach." Fraser commented that the partnership continues to grow and that the super fund is "realising ...
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