Search ResultsShowing 1 - 10 of 39 results for "Geoff Summerhayes"
Life insurers lost $3.4b over five years: APRA
ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... major reinsurer indicating it was no longer prepared to reinsure individual DII, APRA executive board member Geoff Summerhayes said there is now a genuine risk insurers may start withdrawing from the market. "Disability income insurance plays a vital ...
APRA hits Allianz over risk
HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... imposed $500 million additional capital requirements on each of ANZ, NAB and Westpac. APRA executive board member Geoff Summerhayes said the self-assessments proved the issues in CBA's risk governance work were not only common among Australia's banks ...
Byers warns not to spread APRA too thin
HARRISON WORLEY  |  MONDAY, 12 AUG 2019
... issue, APRA chair Wayne Byers - appearing by phone from Sydney alongside deputy chair Helen Rowell, member Geoff Summerhayes and general counsel Warren Scott - said several recent reviews had asked more from the regulator, stretching its resources. "So ...
Regulators unite for life insurance transparency
HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
... publishing higher-quality, more consistent and transparent life insurance data. APRA executive board member Geoff Summerhayes said the regulator's joint work represented their commitment to industry transparency. "This project represents a joint ...
APRA consults to combat cyber attacks
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... acknowledging much has changed since then, is now consulting the industry on the matter. APRA executive board member Geoff Summerhayes said: "Australia's banks, insurers and superannuation funds are major targets of cyber-crime, and the risk is accelerating ...
APRA beefs up cybersecurity standards
HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
... extensively with industry, which led to the publication of the standard's final form. APRA executive board member Geoff Summerhayes said cyberattacks on Australia's financial services companies are becoming more sophisticated with time. "A significant ...
Legal woes continue for super fund
JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
... regulator of super funds, McVeigh's new claim quotes a speech delivered by APRA executive board member Geoff Summerhayes in 2017 in which he said climate change risks are "foreseeable, material and actionable now." Environmental Justice Australia ...
Climate change a real risk for investors: Poll
KARREN VERGARA  |  MONDAY, 19 MAR 2018
... emissions reduction target. The lack of improvement in climate risk disclosure comes a year after APRA member Geoff Summerhayes warned organisations that climate risk is distinctly financial in nature. It also demonstrates a failure to respond to the ...
Super funds must address climate risk: Market Forces
EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
... Council of Australia in February 2017 by Australian Prudential Regulation Authority (APRA) executive board member Geoff Summerhayes, in which he noted that climate risks "have often been seen as future or [a] non-financial problems", but made it clear ...
APRA and ASIC launch insurance claims pilot
ALEX BURKE  |  TUESDAY, 9 MAY 2017
... enable consumers to better understand insurance products and more confidently engage with insurers," APRA member Geoff Summerhayes said. "Transparency will assist with accountability and drive improved performance in the sector, which should ultimately ...
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