governance
Insurance Group Regulation - A Comparative Case Study: Australia and the United States
… of groups; and greater emphasis on, and scrutiny of, governance and risk management practices in all financial … the public sector Prudential regulation Covers solvency, governance and risk management of insurers Group regulation …
MySuper application process
… 114 Operational Risk Financial Requirement. The drafts on governance, investment governance and outsourcing also received substantive comment. … I referred to earlier. Many trustees are looking at their governance frameworks in recognition of the additional focus …
APRA General Manager, Insurance Division, John Huijsen - Speech to the Health Insurance Summit
… for the industry to enhance its risk management and governance, while measures to finetune and strengthen the … the appropriate accounting requirements and with proper governance, including consideration of their risk and … challenges, and further strengthening risk management and governance. Earlier this year we recommenced our strategy to …
APRA removes CBA’s operational risk capital add-on
… Bank Australia (CBA) to address previous weaknesses in its governance, accountability and risk culture frameworks and …
APRA imposes directions and conditions on AMP Super RSE licensees
… for improvement include conflicts of interest management, governance and risk management practices, breach remediation …
APRA find NobleOak in breach of prudential and reporting standards
… reporting obligations in the context of its broader risk governance framework to establish the underlying causes of …
APRA proposes new capital framework for private health insurance
… standards. Phase 1 (risk management) and Phase 2 (governance) of the Roadmap are now complete. In a discussion … our approach to a comprehensive review of risk management, governance and now capital standards for PHIs.” The …
Opening Statement
… The fourth area I’d like to mention is the issue of governance. In February this year, APRA announced a package … proposed measures designed to build resilience and improve governance and decision-making in the private health … in response to APRA’s observations. Also related to governance is a review we are close to finalising on the …
Opening Statement to the House of Representatives Standing Committee on Economics - October 2024
… assess and respond to identified risks. Strengthening governance is another area of focus in our ongoing work, … restructured its supervisory groups, executive team and governance framework to improve decision-making and …
APRA Executive Director of Superannuation Carmen Beverley-Smith - 2023 ASFA Conference panel discussion
… our data collection in areas including trustee board governance and investment valuation and liquidity management. … about their funds’ performance, expenditure, and governance. This information will substantially enhance … as a surprise. They include: ensuring sound investment governance practices, particularly in relation to asset …
Opening statement for Senate Economics Legislation Committee - March 2021
… improvements across the industry, including improved governance, lower fees, poor performing funds exiting the … in 2013. This consolidation has helped drive better governance, stronger performance and lower costs, although we …
Opening Statement
… that we mean with a reasonable business strategy, robust governance and risk management arrangements, and adequate … The prudential standards are aimed at strengthening governance and risk management frameworks and practices in …
Macro prudence vs macro-prudential supervision
… supervision as the set of supervisory tools, and governance of those tools, deployed by the public sector to … prudential standards, which will help improve the risk governance in this rapidly growing industry. We are also … Reinhardt and Rogoff, Delivering effective corporate governance: the financial regulators role , for an 800 year …
Some Australian perspectives on procyclicality
… two factors should be countercyclical if done well: good governance within institutions should temper procyclical … higher in bad times); and prudential supervision and good governance should be permanently countercyclical, so we … that led specifically to the fraud, broader problems in governance, risk control and culture at the bank. In …