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Showing 1 - 10 of 418 results for %22Prudential Standard%22

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... first began working in superannuation in 1993, joining the Insurance and Superannuation Commission - now the Australian Prudential Regulatory Authority - to lead the research program developing the first official quarterly super industry surveys. This ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... frameworks to address housing affordability; identify deregulation opportunities, especially in eliminating redundant prudential standards; and review the overarching regulatory framework, including the role of the Council of Financial Regulators. Emphasising ...

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
... released a discussion paper on potential changes to operational risk financial requirements which are set out in Prudential Standard SPS 114 Operational Risk Financial Requirement (ORFR). The essence of the revisions was to ensure RSE licensees can better ...

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... demographics, is a good thing, because it encourages people to engage with their money." ESG leadership The Australian Prudential Regulation Authority (APRA) last year clarified that it expects super funds to demonstrate an understanding of ESG risks ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... APRA's request following the attack. "The reviews identified deficiencies in NGS' compliance with Prudential Standard CPS 234 - Information Security (CPS 234), while the cyber incident involved a significant amount of data being lost and NGS' ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... 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 as Silicon Valley Bank and the collapse of Credit Suisse. ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... health fund. It comes at a time of turmoil for the retirement industry, which has come under intense scrutiny by the prudential and investment watchdogs. The regulators have warned of a crackdown if superannuation funds don't do more to help Australians ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... legal redress on these critical financial disclosures is an affront to the rule of law and may lead to significant prudential and market integrity issues." FS Sustainabilit y reached out to Treasury for clarification on how such a proposal function if ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... Act) requires that information given to the public by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO 14/541] was first launched in 2013 and aims to provide relief from ...

APRA moves to unmask super funds' spending secrets

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
... is advancing proposals to enhance transparency in how superannuation funds spend and invest members' money. The prudential regulator is proposing to publish total expenses for the industry by category and by internal, related outsourced and non-related ...
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