APRA sets out Basel II approaches to securitisation and credit derivatives (06.53) (Monday, 13 November 2006) APRA today released a discussion paper and accompanying draft prudential standard and prudential practice guide on securitisation.....
APRA disqualifies former Chief Financial Officer of Zurich Australian Insurance Ltd (06.52) (Wednesday, 01 November 2006)
APRA today announced the disqualification of Mr John Stanbridge from being or acting as a director or senior manager....
APRA welcomes IMF report (06.51) (Tuesday, 24 October 2006)
APRA welcomes the findings of the International Monetary Fund’s (IMF’s) Financial System Stability Assessment report....
Basel II advanced measurement approaches to operational risk (06.50) (Wednesday, 11 October 2006)
APRA has released a paper setting out its response to industry submissions on its proposed approach to the advanced measurement approaches (AMA) to operational risk under the Basel II capital framework.....
Pandemic planning guidance for financial sector (06.49) (Monday, 09 October 2006)
APRA has released an information paper and prudential practice guide (PPG) to assist APRA-regulated institutions with their planning for a potential pandemic.....
APRA finalises prudential approach to outsourcing (06.48) (Friday, 06 October 2006)
APRA today issued new prudential standards on outsourcing ....
General insurance industry still strong (06.47) (Thursday, 05 October 2006)
APRA today issued the Quarterly General Insurance Performance publication. ....
APRA releases response paper on prudential supervision of consolidated general insurance groups (06.46) (Wednesday, 04 October 2006)
APRA today released a paper setting out its response to industry submissions ....
Draft prudential package released for life insurance industry (06.45) (Tuesday, 03 October 2006)
APRA today released for consultation a package of draft prudential standards and guidance for the life insurance industry, including friendly societies.....
Superannuation assets over $913 billion (06.44) (Thursday, 28 September 2006)
APRA today released the June 2006 edition of the Quarterly Superannuation Performance publication.....
APRA finalises prudential approach to IFRS for general insurance (06.43) (Monday, 25 September 2006)
APRA has aligned its general insurance prudential framework with International Financial Reporting Standards (IFRS).....
APRA announces recipients of Brian Gray Scholarships (06.42) (Friday, 22 September 2006)
The Australian Prudential Regulation Authority (APRA) has awarded two student scholarships under the Brian Gray Scholarship Program....
APRA and MAIC sign MoU (06.41) (Friday, 22 September 2006)
The Australian Prudential Regulation Authority (APRA) and the Motor Accident Insurance Commission of Queensland (MAIC) have signed a Memorandum of Understanding....
APRA statement on Administrative Appeals Tribunal decision (06.40) (Wednesday, 23 August 2006)
The Australian Prudential Regulation Authority (APRA) acknowledges the decision by the Administrative Appeals Tribunal (AAT)....
Super fund accountant disqualified (06.39) (Wednesday, 09 August 2006)
The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Ms Julie Bruton....
APRA seeks information from Camside depositors (06.38) (Tuesday, 01 August 2006)
The Australian Prudential Regulation Authority (APRA) is advertising in newspapers nationally seeking information from members of the public....
Former Cologne Re executive banned for five years (06.37) (Thursday, 20 July 2006)
The Australian Prudential Regulation Authority (APRA) and the UK Financial Services Authority (FSA) have accepted enforceable undertakings....
APRA statistics reveal sound general insurance performance (06.36) (Thursday, 06 July 2006)
The Australian Prudential Regulation Authority (APRA) today issued the Quarterly General Insurance Performance publication....
APRA standardises exemptions for religious charitable development funds (06.35) (Wednesday, 05 July 2006)
The Australian Prudential Regulation Authority (APRA) has introduced a class exemption order that standardises the conditions ....
New superannuation licensing era commences (06.34) (Tuesday, 04 July 2006)
The Australian Prudential Regulation Authority (APRA) completed on 30 June the transition to the new trustee licensing system for Australia’s superannuation industry.....
APRA releases trustee liability insurance guidance (06.33) (Friday, 30 June 2006)
The Australian Prudential Regulation Authority (APRA) has released an Information Paper on ‘Trustee Liability Insurance’ to provide updated guidance to superannuation trustees....
APRA statistics reveal superannuation assets exceed $900 billion (06.32) (Thursday, 29 June 2006)
The Australian Prudential Regulation Authority (APRA) today released the March 2006 edition of the Quarterly Superannuation Performance publication. ....
Super fund auditor removed (06.31) (Thursday, 08 June 2006)
The Australian Prudential Regulation Authority (APRA) today announced that it has accepted an Enforceable Undertaking under Section 262A of the Superannuation Industry (Supervision) Act 1993 (the SIS Act) from Mr Ian West, who was the auditor of the Western Truck Superannuation Fund from 1997 to 2003. ....
APRA finalises prudential approach to IFRS (06.30) (Wednesday, 31 May 2006)
The Australian Prudential Regulation Authority (APRA) today released revised prudential standards and guidance notes to reflect its prudential approach to the adoption of International Financial Reporting Standards (IFRS) by authorised deposit-taking institutions (ADIs). The changes have been finalised after extensive industry consultation.....
APRA proposes revised general insurance reporting (06.29) (Friday, 19 May 2006)
The Australian Prudential Regulation Authority (APRA) today released updated draft reporting forms and instructions for APRA-regulated general insurers. The updates reflect changes flowing from the implementation of International Financial Reporting Standards (IFRS) in Australia and APRA’s general insurance stage 2 reforms.....
APRA disqualifies HIH non-executive directors (06.28) (Thursday, 18 May 2006)
The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Mr Justin Herbert Gardener and Mr Alexander Walter Gorrie from being or acting as a director or senior manager of a general insurer, non operating holding company or agent of a foreign general insurer.....
Acting trustee licence applications sought (06.27) (Friday, 12 May 2006)
The Australian Prudential Regulation Authority (APRA) is inviting applications for acting trustees to replace some of the trustees who will be in breach of the Superannuation Industry (Supervision) Act 1993 (SIS Act) at the conclusion of the superannuation licensing transition period on 30 June 2006.....
APRA releases new prudential standards on governance (06.26) (Friday, 05 May 2006)
The Australian Prudential Regulation Authority (APRA) today released new and harmonised prudential standards on governance for authorised deposit taking institutions and for life and general insurance companies. The new standards have been developed after extensive industry consultation.....
APRA amends friendly society regulatory returns (06.25) (Friday, 28 April 2006)
The Australian Prudential Regulation Authority (APRA) today introduced revised requirements for the reporting of friendly society financial statements and statistics to APRA.....
APRA statistics show strong growth in superannuation industry (06.24) (Thursday, 20 April 2006)
The Australian Prudential Regulation Authority (APRA) today released the latest edition of the Annual Superannuation Bulletin, which provides a comprehensive analysis of Australia’s superannuation industry for the year to 30 June 2005.....
Two to stand trial over super fund operations (06.23) (Thursday, 20 April 2006)
A former superannuation fund trustee director and an accountant have been committed to stand trial over the management and operation of a $3m superannuation fund that catered for 140 members employed in the plastering industry.....
Superannuation assets near $850 billion (06.22) (Wednesday, 12 April 2006)
The Australian Prudential Regulation Authority (APRA) today released the Quarterly Superannuation Performance publication which reveals that superannuation assets now exceed $800 billion.....
Self proclaimed ‘governor’ sentenced (06.21) (Tuesday, 11 April 2006)
David Robert Siminton, the self proclaimed ‘governor of the principality of camside’ and the ‘state of sherwood’ in Melbourne’s South Yarra, has been sentenced today in the Federal Court for breaching court orders related to operating an unauthorised bank.....
APRA releases proposed approach to Tier 1 capital under IFRS (06.20) (Friday, 07 April 2006)
The Australian Prudential Regulation Authority (APRA) today issued the second of two consultation packages outlining its proposed prudential response to the adoption of International Financial Reporting Standards (IFRS) in Australia by authorised deposit-taking institutions (ADIs) and general insurers.....
APRA appoints General Manager of Statistics (06.19) (Thursday, 06 April 2006)
The Australian Prudential Regulation Authority (APRA) today announced the appointment of Dr Steve Davies to the role of General Manager, Statistics.....
Another HIH disqualification (06.18) (Wednesday, 05 April 2006)
The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Paul Mario Abela from being or acting as a director or senior manager of a general insurer, non operating holding company or agent of a foreign general insurer.....
Brian Gray Scholarship opportunities (06.17) (Monday, 03 April 2006)
The Australian Prudential Regulation Authority (APRA) today announced it is offering four annual scholarship opportunities valued at $12,500 each to promote post graduate research in financial studies.....
APRA statistics reveal strong general insurance performance (06.16) (Thursday, 30 March 2006)
The Australian Prudential Regulation Authority (APRA) today released the first edition of its Half Yearly General Insurance Bulletin, which shows a pronounced turnaround in profitability and capital strength for the industry over the past five years. ....
Basel II interest rate risk discussion paper (06.15) (Thursday, 30 March 2006)
The Australian Prudential Regulation Authority (APRA) today released a discussion paper and accompanying draft prudential standard and prudential practice guide on interest rate risk in the banking book (non-traded interest rate risk). This is the risk of loss in earnings or in the economic value of the banking book of an authorised deposit-taking institution (ADI) as a consequence of movements in interest rates.....
APRA releases proposals for harmonised approach to outsourcing (06.14) (Thursday, 23 March 2006)
The Australian Prudential Regulation Authority (APRA) today issued, for consultation, a Discussion Paper, accompanied by draft prudential standards and a prudential practice guide, on managing risks from outsourcing. The standards apply a harmonised approach to authorised deposit taking institutions (ADIs), general insurers and life insurers.....
APRA’s HIH enforcement actions continue (06.13) (Monday, 20 March 2006)
APRA’s enforcement actions against individuals involved in the circumstances surrounding the collapse of HIH Insurance in 2001 are continuing, following the successful conclusions of some actions recently.....
APRA reminds super trustees of their obligations (06.12) (Friday, 17 March 2006)
The Australian Prudential Regulation Authority (APRA) today reminded superannuation trustees who did not apply for a Registrable Superannuation Entity (RSE) licence of their legal obligation to make alternative arrangements for their fund members....
APRA disqualification of HIH actuary upheld (06.11) (Wednesday, 08 March 2006)
The Australian Prudential Regulation Authority (APRA) today announced that the Administrative Appeals Tribunal (AAT) has upheld APRA’s decision to disqualify Mr David Slee from holding any appointment as an actuary of a general insurer under the Insurance Act 1973.....
APRA’S GCRA disqualification actions concluded (06.10) (Friday, 03 March 2006)
Two former senior executives in the reinsurance industry have withdrawn their legal challenge to their disqualification by the Australian Prudential Regulation Authority (APRA), on fitness and propriety grounds, from being or acting as a director or senior manager of a general insurer or authorised non-operating holding company, or a senior manager or agent of a foreign general insurer.....
APRA releases new “fit and proper” prudential standards (06.09) (Thursday, 02 March 2006)
The Australian Prudential Regulation Authority (APRA) today released new and harmonised “fit and proper” prudential standards for authorised deposit taking institutions and for life and general insurance companies. The new standards have been developed after extensive industry consultation.....
Credit union director disqualified (06.08) (Wednesday, 15 February 2006)
The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Mr John Throwden from acting as a director or senior manager of an authorised deposit-taking institution (ADI) or the Australian operations of a foreign ADI.....
APRA releases changes to friendly society regulatory returns (06.07) (Wednesday, 15 February 2006)
The Australian Prudential Regulation Authority (APRA) today released a discussion paper and draft prudential rules on proposed changes to friendly society regulatory returns.....
APRA implements stage 2 general insurance reforms (06.06) (Thursday, 09 February 2006)
The Australian Prudential Regulation Authority (APRA) today released new prudential standards as part of its general insurance stage 2 reforms, following extensive development and consultation.
The three standards address key recommendations of the HIH Royal Commission and form a crucial element of APRA’s supervision of risk and financial management by general insurance companies.....
APRA announces ‘cut-off’ date for superannuation licence applications (06.05) (Thursday, 02 February 2006)
The Australian Prudential Regulation Authority (APRA) today announced that existing superannuation trustees have until 17 February to apply for a Registrable Superannuation Entity (RSE) licence.....
APRA releases new ADI industry statistics (06.04) (Thursday, 19 January 2006)
The Australian Prudential Regulation Authority (APRA) today released the first edition of two new publications - Quarterly Bank Performance (for the quarter ended June 2005) and Quarterly Credit Union and Building Society Performance (for the quarter ended September 2005). ....
APRA statistics reveal superannuation assets close to $800 billion (06.03) (Thursday, 12 January 2006)
The Australian Prudential Regulation Authority (APRA) today released the September 2005 edition of Quarterly Superannuation Performance which revealed that total superannuation assets now stand at $791.5 billion. This represents an increase of 6.7 per cent over the September 2005 quarter.....
APRA takes action over unauthorised bank (06.02) (Wednesday, 11 January 2006)
The Australian Prudential Regulation Authority (APRA) today announced that it has obtained further interim orders preventing an unauthorised financial business calling itself and acting like a ‘bank’.....
APRA statistics reveal continued strong general insurance financial performance (06.01) (Thursday, 05 January 2006)
The Australian Prudential Regulation Authority (APRA) today released the latest edition of the Quarterly General Insurance Performance for the September quarter 2005. Total assets for the general insurance industry as at 30 September 2005 were $81.8 billion, an increase of $1.1 billion or 1.4 per cent on the previous year.....
