Search ResultsShowing 1 - 10 of 14 results for "Prudential Inquiry"
CommInsure sale stalls, sold for discount
KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... directly to chief executive Matt Comyn, ensuring the bank is implementing the recommendations from the APRA's prudential inquiry report into governance, culture and accountability within CBA.
APRA opens margin requirement talks
HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... the extra capital requirement - the first applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified gaps were closed.
APRA hits Allianz over risk
HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... its governance. The additional capital requirement is the fifth applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". ...
Material weakness in super funds, insurers exposed
KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...
ASIC to strengthen complaints handling
ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... the failure of firms to identify systemic complaints were key findings of both the Royal Commission and the Prudential Inquiry into the Commonwealth Bank. "With the benefit of broad consultation, ASIC's new standards will lift complaints handling performance ...
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...
APRA sets sights on 2019 targets
HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... need of focus. "Financial soundness and stability remain at the core of APRA's objectives. But APRA's Prudential Inquiry into Commonwealth Bank of Australia (CBA) highlighted the importance of not just having a healthy balance sheet, but also ...
Industry dubious about one regulatory body: Survey
KARREN VERGARA  |  MONDAY, 10 DEC 2018
... enforcement are satisfactory. It was only in August 2017 that APRA set a precedent and decided to establish a prudential inquiry into CBA despite knowing about the group's deficiencies in governance, culture and accountability for some time, Hayne ...
CBA releases remediation scorecard
KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... showing evidence of commitment. CBA was required to put together a remediation action plan after APRA led a prudential inquiry into the bank's governance, culture and accountability in August 2017. The APRA inquiry's final report made 35 recommendations ...
Banking remuneration practices to blame for misconduct
MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... remuneration and the likelihood of misconduct. "Given the terms of reference for, and the resulting report of, the Prudential Inquiry into Commonwealth Bank, it would be surprising and cause for concern, if APRA's approach to prudential governance ...
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