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Showing 1 - 10 of 44 results for "John Lonsdale"

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... benchmarks, address poor practice, and ensure directors have the necessary "skills, experience, and character." APRA chair John Lonsdale said effective governance is fundamental to financial stability and sound risk management, adding that the boards ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... risk-weighted assets; and no limits on lending or constraints on capital distributions are being introduced. APRA chair John Lonsdale said the risk of financial shocks had persisted over the past year however the sources of economic uncertainty had shifted. ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... close to a fortnight on the back of its private Google cloud being inadvertently deleted. In August, APRA chair John Lonsdale flagged the regulator is stepping up its oversight of operational and cyber-resilience, including at super funds, to "ensure ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... Authority (APRA) has also increased the capital penalty over ANZ's non-financial risk management practices. APRA chair John Lonsdale said ANZ is "financially sound" but remains prone to managing non-financial risk. "Of the major banks that had capital ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... are best placed to oversee the investment strategy and its investment spread." In his opening remarks, APRA chair John Lonsdale said the regulator is continuing to drive continuous improvement and trustee accountability in delivering quality member outcomes. ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... ensure superannuation trustees meet their requirements under the Retirement Income Covenant. In addition, APRA chair John Lonsdale said the regulator would be taking a close look at the relationship between banks and super trustees. "Over the coming ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... will remain in place until such time as ANZ has delivered required remediation to APRA's satisfaction. APRA chair John Lonsdale said he is concerned at the persistence of risk governance and culture issues within the bank. "ANZ is financially sound with ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... operations focus Scenarios align with BCM uplift and focus on severe yet plausible scenarios for COs and MSPs APRA chair John Lonsdale said operational resilience was becoming increasingly important in the digital financial age. "Disruptions to financial ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... regulatory burdens to avoid a similar scenario in the US with the collapse of regional banks, APRA says. APRA chair John Lonsdale boasted about confidence in Australia's prudential regulation in contrast to a series of regional bank failures such ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... recruitment; or severance award made to an employee ceasing employment (excluding any statutory entitlements). APRA chair John Lonsdale said the changes would enhance transparency and market discipline within the financial services industry and shine ...
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