APRA releases its approach to the supervisory review process under Basel II (07.60) (Friday, 21 December 2007) The Australian Prudential Regulation Authority (APRA) today released an information paper on its approach to the supervisory review process under the new Basel II capital adequacy regime, known as the Basel II Framework. ....
APRA releases its second consultation package on refinements to the general insurance prudential framework (07.59) (Wednesday, 19 December 2007)
The Australian Prudential Regulation Authority (APRA) today issued its second consultation package on proposed refinements to the general insurance prudential framework to recognise the differing risk profiles of insurers. ....
APRA releases final reporting requirements for discretionary mutual funds (07.58) (Monday, 17 December 2007)
The Australian Prudential Regulation Authority (APRA) today released the final reporting requirements for the collection of data from discretionary mutual funds (DMFs). ....
APRA announces Basel II approvals (07.57) (Monday, 10 December 2007)
The Australian Prudential Regulation Authority (APRA) today announced the authorised deposit taking institutions (ADIs) that have been given approval to adopt, from 1 January 2008, the advanced approaches available under the Basel II Framework.....
Streamlined data collection for life insurers and friendly societies (07.56) (Thursday, 06 December 2007)
The Australian Prudential Regulation Authority (APRA) today released new reporting standards and guidance for life insurers and friendly societies.....
APRA releases Basel II prudential standards (07.55) (Friday, 30 November 2007)
The Australian Prudential Regulation Authority (APRA) today released the suite of prudential standards that will give effect to the implementation of the new Basel II capital adequacy regime, known as the Basel II Framework, in Australia.....
Unauthorised ‘banker’ sentenced to jail (07.54) (Thursday, 29 November 2007)
The Federal Court of Australia has sentenced Mr David Robert Siminton to 16 months’ jail for contempt arising out of Federal Court action by the Australian Prudential Regulation Authority (APRA) to stop him operating an unauthorised bank.....
APRA Deputy Chairman to lead global pensions group (07.53) (Wednesday, 28 November 2007)
Australian Prudential Regulation Authority (APRA) Deputy Chairman Ross Jones has been elected President of the International Organisation of Pension Supervisors (IOPS).....
Changes to life insurance prudential standards (07.52) (Wednesday, 28 November 2007)
The Australian Prudential Regulation Authority (APRA) today released a package of new and amended prudential standards, including actuarial standards, for life companies (including friendly societies)....
APRA releases revised standards on governance (07.51) (Wednesday, 28 November 2007)
The Australian Prudential Regulation Authority (APRA) has released revised prudential standards on governance for authorised deposit-taking institutions (ADIs) and life insurers.....
APRA disqualification upheld (07.50) (Wednesday, 21 November 2007)
The Administrative Appeals Tribunal (AAT) has affirmed the disqualification by the Australian Prudential Regulation Authority (APRA) of Mr Stephen Burroughs ....
APRA and ASIC release discussion paper on breach reporting by dual-regulated institutions (07.49) (Thursday, 04 October 2007)
APRA and the Australian Securities and Investments Commission (ASIC) today issued a discussion paper on a proposed online breach reporting system for dual-regulated institutions.....
APRA figures show record superannuation contributions for June 2007 quarter (07.48) (Thursday, 27 September 2007)
APRA figures show record superannuation contributions for June 2007 quarter....
APRA discussion paper on discretionary mutual funds (07.47) (Tuesday, 25 September 2007)
APRA today released a discussion paper on proposals for the collection of data from discretionary mutual funds (DMFs). This follows the Government’s announcement on 3 May 2007 ‘Enhancing the Integrity of Insurance in Australia’. ....
APRA announces recipients of Brian Gray Scholarships for 2007 (07.46) (Thursday, 13 September 2007)
APRA has awarded four student scholarships for 2007 under the Brian Gray Scholarship Program. ....
APRA releases its proposed approach to the supervisory review process under Basel II (07.45) (Wednesday, 12 September 2007)
APRA today released a discussion paper on its proposed approach to the supervisory review process under the new Basel II capital adequacy regime, known as the Basel II Framework. ....
APRA releases proposed amendments to governance standards (07.44) (Monday, 10 September 2007)
APRA has released a discussion paper on proposed
minor amendments to prudential standards on governance for authorised deposit-taking institutions
(ADIs), general insurers and life insurers.....
APRA releases Basel II reporting requirements (07.43) (Wednesday, 05 September 2007)
APRA today released its proposed reporting requirements for authorised deposit-taking institutions (ADIs) under the new Basel II capital adequacy regime, known as the Basel II Framework (the Framework).....
APRA appoints new Head of Research (07.42) (Monday, 03 September 2007)
The Australian Prudential Regulation Authority (APRA) is pleased to announce the appointment of Dr Katrina Ellis as its new Head of Research.....
APRA releases discussion paper on consolidated group reporting for general insurers (07.41) (Friday, 31 August 2007)
The Australian Prudential Regulation Authority (APRA) today issued a discussion paper on proposed reporting requirements for consolidated general insurance groups.....
APRA action against Seventh Floor Superannuation Fund trustee (07.40) (Thursday, 30 August 2007)
The Australian Prudential Regulation Authority (APRA) has taken action against three brothers who had illegally operated a small superannuation fund for themselves. The three brothers had been directors of Gavex Pty Ltd which acted as the trustee of their Seventh Floor Superannuation Fund (the Fund).....
APRA disqualifies former New Cap Reinsurance Australia officer (07.39) (Wednesday, 29 August 2007)
APRA today announced the disqualification of Mr Paul Williams 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 in Australia of a foreign general insurer.....
APRA’s Basel II approach to margin lending and rating agencies (07.38) (Wednesday, 22 August 2007)
The Australian Prudential Regulation Authority (APRA) today released details on its proposed implementation of two aspects of the Basel II Framework: margin lending, and recognition of external credit assessment institutions (ECAIs), more commonly known as credit rating agencies.....
APRA disqualifies former Zurich CEO (07.37) (Wednesday, 15 August 2007)
APRA today announced that it has disqualified Mr Malcolm Murray Jones from being or acting as a director or senior manager of a general insurer, authorised non-operating holding company or agent of a foreign general insurer.....
APRA welcomes Government’s Statement of Expectations (07.36) (Monday, 13 August 2007)
The Government has today released its ‘Statement of Expectations’ of the Australian Prudential Regulation Authority (APRA), as part of a reform to the governance arrangements for statutory authorities. APRA’s ‘Statement of Intent’ in response is also released today.....
Inaugural meeting of FICA Board and ASIC and APRA Executive (07.35) (Thursday, 09 August 2007)
On 31 July 2007, the Board of the Finance Industry Council of Australia (FICA), together with Abacus – Australian Mutuals and The Association of Superannuation Funds of Australia, met with the ASIC Commissioners and APRA Members to discuss significant regulatory and industry issues facing the financial services industry. ....
Aaron Stephenson withdraws challenge to APRA disqualification (07.34) (Monday, 06 August 2007)
An application to the Administrative Appeals Tribunal by Mr Aaron Stephenson to overturn his disqualification by the Australian Prudential Regulation Authority (APRA) has been withdrawn and deemed dismissed by the Tribunal.....
APRA statistics show strong general insurance industry (07.33) (Thursday, 02 August 2007)
APRA today released the Half Yearly General Insurance Bulletin for the year ended 31 December 2006. The Bulletin is compiled from data lodged by each APRA-regulated general insurance company in its audited annual return as at its 2006 balance date.....
APRA responds to Life Insurance Act amendments (07.32) (Thursday, 02 August 2007)
APRA today released a consultation package on its proposals to maintain the prudential framework for life companies, including friendly societies, in the light of amendments being made to the Life Insurance Act 1995 (Life Act).....
APRA releases Basel II approach to market risk (07.31) (Thursday, 02 August 2007)
APRA today released its proposed approach to the treatment of market risk under the Basel II capital adequacy regime, known as the Basel II Framework.....
APRA releases discussion paper relating to foreign insurers (07.30) (Tuesday, 31 July 2007)
Following the Government’s announcement on 3 May 2007 ‘Enhancing the Integrity of Insurance in Australia’, the Australian Prudential Regulation Authority (APRA) today issued a discussion paper on proposed refinements to the general insurance prudential framework. ....
APRA releases revised Basel II standardised approaches (07.29) (Tuesday, 31 July 2007)
The Australian Prudential Regulation Authority (APRA) today released a paper that sets out its responses to submissions on its proposals to implement the standardised approaches under the new Basel II capital adequacy regime, known as the Basel II Framework.....
APRA releases 10 years of superannuation data: 1996-2006 (07.28) (Thursday, 26 July 2007)
The Australian Prudential Regulation Authority (APRA) has released statistics on trends in superannuation in Australia over the ten years from June 1996 to June 2006.....
APRA announces further disqualification in connection with Gen Re investigation (07.27) (Wednesday, 25 July 2007)
APRA today announced it has disqualified Mr Milan Vukelic from being or acting as a director or senior manager of a general insurer, authorised nonoperating holding company or agent of a foreign general insurer.....
Former fund CEO convicted of superannuation fraud (07.26) (Monday, 23 July 2007)
Former Chief Executive Officer of the Wall & Ceiling Superannuation Fund, Mr Wayne Ridings, was
last week convicted of falsifying documents to deceive the Australian Prudential Regulation
Authority (APRA), following a joint investigation by APRA and the Australian Federal Police (AFP).....
APRA disqualifies former directors (07.25) (Friday, 13 July 2007)
The Australian Prudential Regulation Authority (APRA) today announced that it has disqualified six former directors of Sydney-based Firezone Protection Services Pty Ltd (the ‘Corporate Trustee’)....
APRA releases revised Basel II securitisation standard (07.24) (Wednesday, 11 July 2007)
The Australian Prudential Regulation Authority (APRA) today released a paper that sets out its response to submissions on its proposals on securitisation. These proposals updated APRA’s existing prudential framework for securitisation to incorporate the new Basel capital adequacy regime, known as the Basel II Framework, as well as market developments.....
Capital adequacy for ADIs and general insurers (07.23) (Monday, 02 July 2007)
The Australian Prudential Regulation Authority (APRA) has released details of proposed changes to capital requirements for authorised deposit-taking institutions (ADIs) and general insurers (GIs).....
APRA figures show superannuation assets reach $1.1 trillion (07.22) (Thursday, 28 June 2007)
Total superannuation assets in Australia reached $1.1 trillion during the March 2007 quarter according to figures released today by the Australian Prudential Regulation Authority (APRA).....
General Reinsurance investigation concluded (07.21) (Thursday, 28 June 2007)
The Australian Prudential Regulation Authority (APRA) has concluded its investigation into a set of improper financial reinsurance transactions entered into by General Reinsurance Australia Limited (GRA), the Australian subsidiary of General Reinsurance Corporation (Gen Re), between 1997 and 2001.....
APRA disqualifies former non–executive director of HIH (07.20) (Wednesday, 13 June 2007)
The Australian Prudential Regulation Authority (APRA) has announced the disqualification of Mr Robert Stitt QC 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 in Australia.....
APRA releases revised Basel II advanced approaches (07.19) (Wednesday, 13 June 2007)
The Australian Prudential Regulation Authority (APRA) today released a paper that sets out its responses to submissions on its proposals to implement the advanced approaches under the new Basel II capital adequacy regime, known as the Basel II Framework.....
APRA releases Basel II market disclosure proposals (07.18) (Wednesday, 06 June 2007)
APRA today released a discussion paper and draft prudential standard setting out its proposed approach to market disclosure under the new Basel II capital adequacy regime, known as the Basel II Framework. ....
APRA announcement on foreign insurers and discretionary mutual funds (07.17) (Thursday, 03 May 2007)
APRA today issued a statement outlining its response to the Government’s announcement ‘Enhancing the Integrity of Insurance in Australia’ relating to direct offshore foreign insurers (DOFIs) and discretionary mutual funds (DMFs). ....
APRA stops unauthorised bank (07.16) (Thursday, 26 April 2007)
APRA has succeeded in obtaining court orders preventing an unauthorised financial business, the ‘Federal State Bank of Australia’, from calling itself and acting like a ‘bank’.....
Streamlined data collection for life companies and friendly societies (07.15) (Wednesday, 11 April 2007)
The Australian Prudential Regulation Authority (APRA) today released a public consultation package seeking comment on its proposal to modernise its data collection for life companies, including friendly societies.....
APRA figures show superannuation assets reach $1.0 trillion (07.14) (Thursday, 29 March 2007)
Total superannuation assets in Australia have reached the $1.0 trillion mark, according to figures released today by the Australian Prudential Regulation Authority (APRA).....
New prudential standards and guidance for life insurance industry (07.13) (Thursday, 29 March 2007)
The Australian Prudential Regulation Authority (APRA) today released final prudential standards and guidance on risk management and business continuity management for the life insurance industry, including friendly societies....
Accountant and auditor convicted of deceiving APRA (07.12) (Friday, 23 March 2007)
Yesterday the County Court of Victoria convicted chartered accountant Mr Paul Hullin and auditor Mr Robert Elliott for intentionally entering into, or carrying out, a scheme to deceive the Australian Prudential Regulation Authority (APRA) in relation to the Wall & Ceiling Superannuation Fund.....
APRA statistics reveal strong superannuation industry growth (07.11) (Thursday, 22 March 2007)
The Australian Prudential Regulation Authority (APRA) today released the Annual Superannuation Bulletin for the year to 30 June 2006, which shows total superannuation assets rose in the period by $149.1 billion, or 19.5 per cent, to $912.0 billion. ....
Zurich investigation concluded (07.10) (Wednesday, 14 March 2007)
The Australian Prudential Regulation Authority (APRA) has given Zurich Australian Insurance Limited (ZAIL) the report on its investigation into a set of improper financial reinsurance transactions undertaken in 2000 by ZAIL....
APRA disqualifies former Zurich executive (07.09) (Wednesday, 07 March 2007)
APRA today announced that it has disqualified Mr Alan Parsonson from being or acting as a director or senior manager of a general insurer, authorised non-operating holding company or agent of a foreign general insurer....
APRA announces scholarships for 2007 (07.08) (Wednesday, 07 March 2007)
The Australian Prudential Regulation Authority (APRA) today announced it is offering up to four scholarships in 2007, each valued at $12,500, to promote research in financial studies.....
AUSTRAC and APRA sign Memorandum of Understanding (07.07) (Thursday, 22 February 2007)
APRA and AUSTRAC have signed a Memorandum of Understanding (MoU) to facilitate cooperation and the exchange of information between the two regulators.....
APRA decides to disqualify former Zurich executive Mr John Butler (07.06) (Wednesday, 21 February 2007)
The Australian Prudential Regulation Authority (APRA) today announced that on 6 February 2007 it decided to disqualify Mr John Butler from being or acting as a director or senior manager of a general insurer, authorised non-operating holding company or agent of a foreign general insurer.....
APRA disqualifies former Zurich executive (07.05) (Wednesday, 14 February 2007)
The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Mr Robert Stevenson from being or acting as a director or senior manager of a general insurer, authorised non-operating holding company or agent of a foreign general insurer.....
APRA disqualilfies actuary (07.04) (Monday, 12 February 2007)
The Australian Prudential Regulation Authority (APRA) has disqualified Mr William Szuch from working as an appointed actuary under the Life Insurance Act 1995....
APRA statistics reveal general insurance industry remains strong (07.03) (Thursday, 01 February 2007)
APRA today released the Half Yearly General Insurance Bulletin for the year ended 30 June 2006, which shows gross premium revenue for APRA regulated general insurers of $28.2 billion, up $0.9 billion on the previous year.....
Disqualification of superannuation trustee and auditor upheld (07.02) (Tuesday, 23 January 2007)
APRA today announced that the Administrative Appeals Tribunal (AAT) has upheld the disqualification of Mr Christopher Giles Fearon from being a trustee, investment manager or custodian of a superannuation entity and as an approved auditor for the purposes of the Superannuation Industry (Supervision) Act 1993 (SIS Act). ....
APRA disqualifies former Zurich executive (07.01) (Wednesday, 10 January 2007)
APRA today announced the disqualification of Mr Florian Salzgeber from being or acting as a director or senior manager of a general insurer, authorised non-operating holding company or agent of a foreign general insurer.....
