governance
APRA defers development of enhanced superannuation statistics
… publications pending the outcome of the Review into the Governance, Efficiency, Structure and Operation of …
APRA releases findings on review of superannuation trustees' treatment of private equity asset
… (APRA) has released findings of a review into the governance practices followed by registrable superannuation … the focus of a targeted review of unlisted asset valuation governance due to its public profile as an asset in a … released today, APRA found the majority of RSE licensees’ governance practices related to their valuation of Canva …
APRA seeks greater industry transparency in latest phase of the Superannuation Data Transformation
… its data collection in areas including trustee board governance and investment liquidity and valuations. The … and board committees to provide greater insights into the governance practices and effectiveness of superannuation … data, including data to inform assessments of investment governance and exposure to liquidity and valuation risk. This …
APRA removes Allianz’s additional capital requirement
… to Allianz Australia Limited (Allianz) to address risk governance weaknesses. APRA initially imposed an additional … on Allianz in 2019 in response to issues raised in a risk governance self-assessment that APRA asked Allianz to … high standards when it comes to risk culture, risk governance and risk management,” Mrs Rowell said. Footnotes …
APRA removes National Australia Bank’s operational risk capital add-on
… (NAB) in response to issues identified in the bank’s risk governance self-assessment. APRA imposed the $500 million … superannuation trustees that APRA asked to undertake risk governance self-assessments in the aftermath of the … and adequately addressed the issues raised in its risk governance self-assessment. As a result, APRA has removed the …
APRA General Manager of Governance, Culture, Remuneration and Accountability, Stuart Bingham – Speech to the Financial Services Assurance Forum
… Home Search Content Speeches APRA General Manager of Governance, Culture, Remuneration and Accountability, Stuart … trustees to start reviewing and reflecting on their governance and accountability arrangements in preparation for … superannuation fund members. … APRA General Manager of Governance, Culture, Remuneration and Accountability, Stuart …
APRA closes investigation into Westpac anti-money laundering breaches
… undertaking (CEU) to implement an integrated risk governance remediation plan to uplift risk governance across its business with ongoing independent … remains determined to ensure Westpac rectifies its risk governance weaknesses effectively and sustainably. “Under …
APRA sets expectations for improvements to claims handling
… is monitoring the progress of these activities, and their governance, and expects the key risks to be recognised and … in superannuation, including claims oversight and governance practices, remain an area of heightened focus for … on the APRA website: Life Insurance claims oversight and governance: APRA review of responses to information request …
APRA increases ANZ’s capital add-on to $750 million over non-financial risk management concerns
… to the bank in 2019 to reflect deficiencies in its risk governance. This capital add-on has remained in place as the … adequately address deficiencies in controls, risk culture, governance and accountability. In response, APRA will require … party to review the root causes of recent issues and risk governance in the Markets business, and assess the potential …
APRA Executive Board Member Suzanne Smith - Speech to the ICA conference 2024
… to today’s rapidly evolving risk landscape. Your risk and governance frameworks need to be robust, and where weaknesses … on 15 March 2025. At its core, FAR is focused on improving governance. This includes the implementation of the FAR framework for better risk governance and culture through imposing strengthened …
APRA releases consultation on harmonised and enhanced risk management requirements
… and an updated cross-industry prudential standard on governance. The proposed cross-industry Prudential Standard … the existing requirements in Prudential Standard CPS 510 Governance . In particular, it is proposing that Boards of … the global financial crisis. ‘Our aim is to reinforce good governance and risk management, and to ensure boards and …
APRA calls out private health insurers over inaction to address financial sustainability challenges
… resilience. “Despite APRA’s work with industry to improve governance and risk management capability over recent years, … working to lift standards of risk management and governance. A copy of the letter is available on the APRA …
Opening Statement
… their lending policies do indeed do so. Superannuation Governance The third issue I wanted to mention was in … implementation of the Government’s proposed changes to governance requirements for the industry, assuming they are … on the Superannuation Legislation Amendment (Trustee Governance) Bill 2015, APRA supports the direction of the …
APRA sets out stronger, more transparent approach to regulating and supervising GCRA risks
… to scale up significantly its efforts to lift standards of governance, culture, remuneration and accountability (GCRA) … and ideally preventing, issues such as poor risk governance, misaligned incentives and misconduct that have … risk management, and incorporating the wider use of risk governance declarations and self-assessments; sharpening …
APRA welcomes Capability Review report and outlines action plan
… its resourcing and supervisory approach to make issues of governance, culture, remuneration and accountability a much … 6.6). Recommendation 2.3: Organisational design and governance APRA should revise its organisational structure to … Agreement. Recommendation 2.4: Organisational design and governance APRA’s Chair should relinquish his ADI-specific …
APRA announces panel members and terms of reference for prudential inquiry into CBA
… regarding the frameworks and practices in relation to the governance, culture and accountability within the CBA group, … goal of the inquiry is to identify any shortcomings in the governance, culture and accountability frameworks and … considering whether the group’s organisational structure, governance, financial objectives, remuneration and …
APRA releases consultation package for the supervision of conglomerate groups (Level 3)
… Level 3 framework consists of four components: group governance, risk exposures, risk management and capital … of the framework are: a Level 3 group must have a robust governance framework that is applied appropriately throughout … consultation package focuses on the requirements for group governance and risk exposures. APRA Chairman Dr John Laker …
APRA releases superannuation fund-level performance data - 2004 - 2010
… option data from superannuation funds. The Review into the Governance, Efficiency, Structure and Operation of …
APRA issues directions to NESS Super Pty Ltd
… to NESS Super Pty Ltd (NESS) designed to improve its governance and ensure the board’s structure, skills and … board. APRA gave the direction following an APRA governance review and an independent review conducted by NESS … of their funds. “The promotion of strong and effective governance is fundamental to a robust superannuation industry …
APRA requires RACQ to implement a risk transformation program
… APRA identified significant weaknesses in RACQ’s risk governance during a prudential review undertaken this year. … builds on this and seeks to ensure the material risk governance concerns identified are addressed. In addition to … “We expect APRA-regulated entities to have strong risk governance in place and we are disappointed with the current …