governance
APRA releases response to consultation on revisions to prudential standard on investment governance
… on revisions to prudential standard on investment governance Tuesday 19 July 2022 Print Email The Australian … and final Prudential Standard SPS 530 Investment Governance (SPS 530). The letter issued today follows the … at: Consultation on Prudential Standard SPS 530 Investment Governance in Superannuation . Media enquiries Contact APRA …
APRA finalises new measures to enhance governance in the private health insurance industry
… Media Releases APRA finalises new measures to enhance governance in the private health insurance industry Friday 14 … of prudential standards and guides aimed at improving governance and decision-making in the private health … standards for PHI are: Prudential Standard CPS 510 Governance (CPS 510), a stronger cross-industry standard on …
APRA review highlights the need for improved valuation and liquidity risk governance in superannuation
… the need for improved valuation and liquidity risk governance in superannuation Tuesday 17 December 2024 Print … trustees’ progress in implementing enhanced valuation governance and liquidity risk management requirements. The … practices with Prudential Standard SPS 530 Investment Governance (SPS 530), including in relation to the use of …
APRA urges greater focus on improving governance and strategic planning in super
… Media Releases APRA urges greater focus on improving governance and strategic planning in super Tuesday 26 October … trustees to examine how they can improve their governance and strategic planning after releasing the … of members, and whether trustees had applied appropriate governance and oversight to their decisions. Among the …
Executive remuneration as part of risk governance
… Content Speeches Executive remuneration as part of risk governance Tuesday 18 September 2012 Print Email David Lewis, … packages as a key component of an organisation’s risk governance. How APRA’s prudential standards envisage this … a different angle. For us, the issue is one of responsible governance. We don’t come to this with any value judgments …
APRA mandates risk remediation program for Auto & General following risk governance concerns
… risk remediation program for Auto & General following risk governance concerns Tuesday 30 January 2024 Print Email The … requirements in response to concerns about its risk governance. APRA’s decision follows a prudential review that … identified significant weaknesses in Auto & General’s risk governance, risk management and compliance practices. These …
APRA Deputy Chair Helen Rowell - Speech to the Governance and Risk Management Forum 2023
… Speeches APRA Deputy Chair Helen Rowell - Speech to the Governance and Risk Management Forum 2023 Wednesday 17 May … Print Email Beyond the bottom line: The journey to better governance Good morning. Thank you for inviting me to … on key changes over that time, with a particular focus on governance and risk management practices across the financial …
APRA releases report on industry self-assessments into governance, culture and accountability
… APRA releases report on industry self-assessments into governance, culture and accountability Wednesday 22 May 2019 … of self-assessments found material weaknesses in the governance and management of non-financial risks. APRA is … overlay,” he said. “Boards must be committed to uplifting governance and management of non-financial risks. Where this …
APRA Deputy Chair Margaret Cole - Remarks to the Conexus Chair Forum
… ASIC’s priorities for 2025. I want to focus my remarks on governance, an area that is fundamental to your roles as … to APRA. But rather than talk in the abstract about good governance, I’d like to discuss the importance of your governance roles in the context of some of the issues and …
APRA publishes executive accountability statements
… Authority (APRA) has published a document outlining its governance arrangements, along with accountability statements for its senior executives. The paper, titled Governance and Senior Executive Accountabilities, describes APRA’s internal governance and accountability arrangements and is supported …
APRA reduces Westpac’s operational risk capital add-on by $500 million
… in response to the bank's progress in improving its risk governance, culture and risk management. APRA imposed a … the higher operational risk identified in the bank’s Risk Governance Self-Assessment. An additional $500 million … risk profile of the bank, primarily due to risk governance concerns. Westpac then entered a Court …
APRA applies additional licence conditions on Insignia Financial Ltd trustees
… entity (RSE) licence conditions are designed to address governance and risk management deficiencies that were either … from today, the Insignia Trustees must: enhance their governance in relation to member outcomes, oversight of … expert to examine the operational effectiveness of their governance, accountability and risk management frameworks and …
APRA finalises enhancements to superannuation data collections
… data on liquidity and valuation risk to assess investment governance of, and exposure to, these risks. Enhancing the … on trustee boards for a comprehensive understanding of governance practices and effectiveness of superannuation … the financial resilience of funds and the robustness of governance, including investment governance, to deliver …
APRA applies additional $20m capital requirement to RAC Insurance
… requirement to RAC Insurance Pty Ltd (RAC) following a governance prudential review. The review, undertaken by … decision making. APRA notes that RAC has reviewed its governance framework and is implementing an action plan to … and to verify their effectiveness in addressing governance concerns. APRA Member Suzanne Smith said: “Board …