governance
Opening Statement to Senate Economics Legislation Committee - June 2024
… administers with ASIC, is aimed at improving the risk governance cultures of APRA-regulated entities. As the …
Enhancing the competitiveness of financial services - lessons learnt and opportunities for improvement
… factor at play here — namely, standards of corporate governance. Between major economies, capital requirements for … years. The Walker Review concluded that “It is clear that governance failures contributed materially to excessive risk … on strategic acquisitions. Standards of corporate governance were also undermined by an undue focus on …
Is IDII back on track?
… design and pricing, and to strengthen capabilities in risk governance and data quality. The aim of APRA’s intervention …
Health insurer, heal thyself: APRA’s prescription for financial sustainability
… regulated entities must legally meet, in such areas as governance, risk management and capital requirements. The … roadmap, identifying three priorities: risk management, governance and capital. Implementing and complying with all … all are equally vulnerable. Those entities with superior governance, business planning and risk management processes …
Reconciliation Action Plan Nov 2020 - Nov 2022
… and Torres Strait Islander people within APRA Strong governance with a greater emphasis on program management. …
APRA's current focus in superannuation
… Venkatramani, General Manager - AIST Superannuation Fund Governance Conference, Melbourne Of late, prudential … financial industry. The principles aim to ensure effective governance of compensation, alignment of compensation with … more broadly, adequacy of resources), risk management and governance, supported by regular reporting. Regarding …
APRA’s new Corporate Plan focuses on protecting today, while preparing for tomorrow
… a continuing focus on financial strength; cyber risks; governance, risk-culture, remuneration and accountability; …
Opening Statement
… these cases tell us about the strength of an institution’s governance, risk management and risk culture. Our work with … seeking information on the effectiveness of their governance and oversight mechanisms for matters such as …
APRA releases survey results assessing management of risks associated with climate change in the financial sector
… and superannuation trustees. Areas of strength were ‘governance and strategy’, as well as ‘risk management’. … on ‘disclosure’ or ‘metrics and targets’. More mature governance structures are typically in place at entities …
APRA and ASIC commence joint administration of the new Financial Accountability Regime
… In doing so, the FAR aims to improve the risk and governance cultures of those financial institutions. … “Just as the BEAR has helped to sharpen risk culture and governance in the banking sector, we expect the FAR to have a …
Opening Statement to the House of Representatives Standing Committee on Economics - June 2020
… relation to ME Bank’s operational management and its risk governance frameworks and capability. Given the economic … this issue has raised our focus on ME Bank’s risk and governance frameworks, and APRA will continue regular and …
APRA releases CBA Prudential Inquiry Final Report and accepts Enforceable Undertaking from CBA
… to examine the frameworks and practices in relation to the governance, culture and accountability within the CBA group, … levers: more rigorous Board and Executive Committee level governance of non-financial risks; exacting accountability … Wayne Byres said the Inquiry Panel’s findings show CBA’s governance, culture and accountability frameworks and …
Key issues for the year ahead: Bank capital and the approaching BEAR
… standards (in terms of requirements in relation to governance, remuneration and the fitness and propriety of … the quality of loan portfolios, or promoting better governance and accountability, the objective is to ensure …
Views from APRA
… consolidated (multi-industry) prudential standards on governance, fit and proper, outsourcing and business … the prudential soundness of insurers, but also general governance and management standards across the industry. … time, overall capital levels remain healthy. Generally, governance standards are adequate, with larger insurers …