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Showing 1 - 10 of 26 results for "John Lonsdale"

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... would come into force on 1 January 2024 and one year later for super trustees for CPS 190 only. APRA deputy chair John Lonsdale said the disorderly failure of an APRA-regulated entity could have a significant impact on the economy and society. "Crisis ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... variable remuneration is equal to or greater than $1 million in a financial year of the entity. APRA deputy chair John Lonsdale said: "Effective implementation of CPS 511 will strengthen the resilience of the financial sector and rein in the kinds of ...

APRA outlines remuneration standard

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... decisions lead to poor risk management or conduct that is contrary to community expectations," APRA deputy chair John Lonsdale said. "It ensures financial performance alone is no longer enough when companies reward employees; companies must also consider ...

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... out further action as more information comes to light about the root causes of these breaches," APRA deputy chair John Lonsdale said. Macquarie acknowledged the new requirements and said it has a number of programs in place to strengthen capital and ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... remain in place until Westpac completes its remediation under the CEU to APRA's satisfaction. APRA deputy chair John Lonsdale said: "Although the investigation has not found evidence of breaches of the Banking Act or the BEAR, APRA remains determined ...

Allianz to rectify past deficiencies

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... implementation of its transformation programs is integral to any decision to remove the add-on. APRA deputy chair John Lonsdale said the CEU will ensure the deficiencies that prevailed within Allianz for several years are finally remediated. "It also ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... that Westpac did not have the means to effectively address wide-ranging risk governance gaps. APRA deputy chair John Lonsdale described the undertaking with Westpac as a "serious step that indicates the severity of the situation". "The integrated plan ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... will assess the plan and provide an update to APRA within 15 days from the end of each quarter. APRA deputy chair John Lonsdale said entering into a CEU is a "serious step that indicates the severity of the situation." "The integrated plan required by ...

APRA takes action against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
... minimums, APRA's actions reflect how seriously we view breaches of our prudential requirements," APRA deputy chair John Lonsdale said. The objective is to obtain assurance that Westpac is complying with APRA's liquidity requirements while also sending ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
... liquidity coverage ratio which will remain in place until the third party review has been completed. APRA deputy chair John Lonsdale said the liquidity requirements ensure financial institutions can withstand an acute or longer-term stress scenario. ...
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