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Search ResultsShowing 1 - 10 of 100+ results for "Prudential Standard"
Life industry to launch framework
ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ...
APRA to overhaul offshore reinsurance standards
ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...
Your Future, Your Super on APRA to-do list
ELIZA BAVIN  |  TUESDAY, 2 FEB 2021
... outstanding. APRA said it will also work to strengthen crisis preparedness, including the development of a new prudential standard on resolution and recovery planning, considering the lessons of the past 12 months. It said it will update prudential standards ...
APRA delays insurance in super guidance
ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... released in November last year after taking on board suggestions from those in the industry. The guidance, Prudential Standard SPS 250 Insurance in Superannuation , seeks to establish requirements for an RSE licensee with respect to making insurance ...
BNP Paribas to offer initial margin services
KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... it by September 2022. APRA's margining requirements for non-centrally cleared derivatives are published in prudential standard 226.
APRA takes action against Westpac
JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
The prudential regulator has launched action against Westpac over material breaches of liquidity standards. The breaches, which were identified during 2019 and 2020, relate to the incorrect treatment of specific funding and loan products for the purposes ...
APRA eases hard caps in revamped executive pay
KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... modifier that can potentially reduce variable remuneration to zero, APRA said in the revised draft for the Prudential Standard CPS 511 Remuneration (revised CPS 511). The non-financial measures (like potential detriment to consumers) were a focus at ...
Bendigo and Adelaide Bank overstates liquidity
ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
The Australian Prudential Regulation Authority (APRA) has imposed an independent review into Bendigo and Adelaide Bank's liquidity after it failed to comply with liquidity standards. Bendigo and Adelaide Bank informed APRA last month of breaches to ...
APRA reviews priorities in super
KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Unlisted asset valuations, early release of superannuation and heatmaps are some of the key areas APRA will prioritise over the next 12-18 months. COVID-19 has forced APRA to reassess the urgency of a number of key initiatives affecting superannuation ...
APRA reopens for licences
ANNABELLE DICKSON  |  MONDAY, 10 AUG 2020
... addition, APRA will recommence public consultations on select policy reforms including the cross-industry prudential standard for remuneration and ADI capital reforms incorporating APRA's framework, Basel III and measures to improve transparency ...
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