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APRA has published its latest Corporate Plan with a focus on ensuring the risk management practices of banks, insurers and superannuation trustees keep pace with a rapidly moving threat environment.
The Government today announced a proposed compensation scheme that would provide superannuation members with a clearer pathway to compensation where significant losses arise because trustees have failed to meet their obligations.
APRA has imposed licence conditions on Bendigo and Adelaide Bank Limited (Bendigo Bank) following findings of longstanding and pervasive weaknesses in the bank's non-financial risk management framework and the failure of the bank’s previous efforts to deliver sustainable improvement.
Bendigo and Adelaide Bank Limited (Bendigo Bank) has conceded it has breached its obligations under the Banking Executive Accountability Regime (BEAR) in relation to a 2023 cyber attack involving its Alliance Bank business.
