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Showing 1 - 10 of 181 results for "Discussion paper"

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
... resources for addressing and remedying the impacts of operational risks. On 14 November 2022, APRA released a discussion paper on potential changes to operational risk financial requirements which are set out in Prudential Standard SPS 114 Operational ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... retirement income products and services, and making lifetime income products more accessible. Released today, discussion paper Retirement phase of superannuation states that trustees must do more to understand their members' retirement needs and provide ...

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... amid concerns design features would not be resilient enough to withstand a banking crisis. APRA released its discussion paper on Thursday, citing the challenges of hybrid bonds, also known as AT1 capital instruments. APRA explained many hybrids are held ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
The Federal Trade Commission (FTC) is investigating OpenAI, the artificial intelligence research firm that owns ChatGBT, to evaluate possible negligence and consumer harm. In a 20-page document sent to the Microsoft-backed AI firm, regulators demanded ...

The sophistication of cyber threats is increasing: O'Neil

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
... where the government is locating this policy discussion. Already, the Australian cyber strategy has released a discussion paper which raises some of the issues that the government is thinking about in terms of preparing the country that future that lies ...

Super on PPL a drop in the ocean

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... estimated to be about $200 million per year. The government's objective of superannuation and the accompanying discussion paper that fails to mention women despite aiming to ensure the system is "equitable" has once again shone light on the super ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... should be to avoid the old legal maxim that "hard cases make bad laws", highlighting the fact the government's discussion paper cites "a number of high-profile reports of convicted child sexual abuse offenders deliberately hiding millions of dollars' ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying child abuse victims court-awarded compensation. The proposals will make ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... approach of the existing operational risk financial requirement (ORFR), but with greater flexibility. In its discussion paper, Financial resources for risk events in superannuation, the regulator outlines that it intends to enhance the prudential framework ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
APRA has released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry ...
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