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Search ResultsShowing 1 - 10 of 28 results for "Banking Executive Accountability Regime"
APRA hands reins to ASIC in AUSTRAC case
ALLY SELBY  |  THURSDAY, 18 JUN 2020
... responsibilities to investigate any matters that contravene accountability obligations under the Banking Executive Accountability Regime (BEAR) and standards of fitness and propriety under the Banking Act to ASIC. In November last year, AUSTRAC exposed ...
Government opens BEAR extension consultation
HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... recommended by Commissioner Kenneth Hayne, the government has taken steps to extend the Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial Accountability Regime, the extended ...
Westpac served class action
JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... official investigation into Westpac for possible breaches of the Banking Act, including the Banking Executive Accountability Regime. The investigation will focus on the conduct that led to AUSTRAC's investigation as well as the bank's efforts ...
APRA joins in on Westpac scrutiny
ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... Westpac, its directors and/or its senior managers breached the Banking Act - including the Banking Executive Accountability Regime (BEAR) - or contravened APRA's prudential standards," the regulator said. "Given the magnitude and nature of the issues ...
Regulators circle as scandal engulfs Westpac
ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... would confirm by the end of the month whether it would launch legal proceedings under the Banking Executive Accountability Regime (BEAR) against the besieged bank. It comes nearly two weeks after AUSTRAC's explosive exposure of 23 million money laundering ...
APRA proposes new remuneration standard
KARREN VERGARA  |  TUESDAY, 23 JUL 2019
... collective accountability. Deputy chair John Lonsdale said CPS 511 would complement the Banking Executive Accountability Regime to lift industry standards of accountability and reduce the likelihood of misconduct. "Limiting the influence of financial ...
APRA forced to overhaul culture, capabilities
KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... being appointed or re-appointed to regulated entities (which is part of the extended the Banking Executive Accountability Regime), and considering changes to its regulatory framework, which includes reviewing penalties. The Government will establish ...
APRA self-assesses shortcomings
KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... including their skills and experience. Given the banking Royal Commission advocated for the Banking Executive Accountability Regime (BEAR) should be extended to superannuation, APRA said it is working with the Government to implement this recommendat ...
Regulators receive pre-Budget funding boost
HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... superannuation. APRA's extra $150 million in funding will see the prudential regulator extend the Banking Executive Accountability Regime (BEAR) to all APRA-regulated entitles, including super funds and insurers; and greater supervision intensity across ...
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... and accountability. He said the regulator has consistently supported the view that the Banking Executive Accountability Regime (BEAR) cover other APRA-regulated industries such as superannuation and life insurance. He also reminded the industry that ...
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