governance
APRA releases CBA Prudential Inquiry Progress Report
… to examine the frameworks and practices in relation to the governance, culture and accountability within the CBA group, … The Panel notes in its report that: 'issues of governance, culture and accountability in a large financial … currently underway. "As the Panel has noted, issues of governance, culture and accountability in large organisations …
APRA reduces Allianz’s additional capital requirement by $100m
… in addressing issues identified in the insurer’s risk governance self-assessment. APRA imposed the additional … entities to “self-assess” against certain risk governance expectations. The self-assessments were aimed at gauging whether governance weaknesses identified by APRA’s Prudential Inquiry …
APRA releases framework for supervising conglomerates but defers implementation
… institutions. The importance of strong group-wide governance, risk management and capital adequacy is therefore … today includes updated prudential standards in relation to governance, exposure management, risk management and capital …
APRA releases non-capital components of the supervision of conglomerate groups
… has today released for consultation clarifications to the governance and risk management components of the framework … groups. APRA Chairman Wayne Byres said: ‘The group governance and risk management requirements released today … cross-industry standards of Risk Management, Outsourcing, Governance, Business Continuity Management, and Fit and …
APRA Chair John Lonsdale’s speech to AFR Banking Summit
… Summit Tuesday 18 March 2025 Print Email Building a strong governance framework for turbulent times Good morning and … Commission to be reminded of the relationship between bad governance and poor outcomes for both entities and their customers. Although overall standards of governance among APRA-regulated entities have risen since …
APRA releases enhancements to prudential framework for life companies
… for life NOHCs. APRA will apply to these NOHCs the same governance and fit and proper standards that currently apply … revised prudential standards: Prudential Standard LPS 510 Governance (LPS 510); Prudential Standard LPS 520 Fit and … to ensure registered NOHCs of life companies have sound governance procedures which include that persons in …
APRA releases discussion paper on prudential standards for superannuation
… matters common to other APRA-regulated industries — on Governance, Fit and Proper, Risk Management, Business … matters of Conflicts of Interest, Investment Governance, Insurance in Superannuation, Defined Benefit …
APRA lifts N.M. Super’s additional licence conditions
… Proprietary Limited (N.M. Super) in response to governance and risk management concerns. N.M. Super, which is … undertaking (CEU) from N.M. Super pledging to rectify governance and risk management deficiencies. The undertaking … enabled and capable to deliver against the standards of governance and risk management that we expect of a trustee of …
APRA imposes additional licence conditions on Diversa Trustees
… operating model, which included matters relating to governance, risk management, and outsourcing and oversight. … force on 23 January, Diversa is required to: enhance its governance and risk frameworks, with a particular focus on … "These licence conditions set the minimum standard for governance, risk, outsourcing and oversight, and member …
Soft Stuff
… 2014 Print Email Ian Laughlin, Deputy Chairman - 31st Governance Institute of Australia National Conference, … three key elements: Capital management Risk management Governance All three of these elements must be strong. If any … various quantitative measures, specific requirements etc. Governance and risk management have both hard stuff and soft …
APRA launches Westpac investigation and increases capital requirement add-ons to $1 billion
… an extensive review program focused on Westpac’s risk governance. The review program will include risk management, … of the steps Westpac has been taking to strengthen risk governance in recent years, including through its … sound, there are potentially substantial gaps in risk governance that need to be closed. “Given the nature of the …
APRA Deputy Chair Helen Rowell - Speech to the Risk Australia 2022 conference
… given 30 August 2022 Scaling the challenges of strong risk governance Good morning, It’s a pleasure to be here today … to share my perspectives on the challenges of strong risk governance. Managing risks in the financial sector is like … When it comes to scaling the challenges of strong risk governance and risk management, there will always be …
APRA Deputy Chair Helen Rowell - Speech to ASFA Conference
… to you and where it is clear there is more work to do – governance, underperformance and members’ best interests. To … see demonstrated every day across all walks of life, good governance is critical to long term success. So you won’t be … to hear that APRA’s focus on improving the quality of governance at superannuation funds will continue in 2021, …
APRA outlines plans for climate risk prudential guidance and vulnerability assessment
… Prudential Practice Guide SPG 530 Investment Governance, which includes paragraphs related to environmental, social and governance (ESG) investments. The letter is available on the …
APRA announces new executive appointment
… as well as her experience in risk management, strategy and governance, make her well qualified to lead the Policy and … said. Ms Roberts will take up the position on 4 May. Governance Media enquiries Contact APRA Media Unit, on +61 2 …
Promoting confidence in the industry
… terms of the integrity of the system (a mix of regulation, governance, protection, communications and cost). Work by … have also been moves in many countries to improve the governance and risk management of pension funds. There is no … risks that are specific to the industry such as investment governance, defined benefit funding and solvency and …
Opening Statement
… issue I wanted to mention is our work on superannuation governance. This is an area where we remain keen to lift the … bar. There are some excellent examples of good practice governance in the superannuation sector, but equally there … some changes to our prudential requirements to strengthen governance frameworks. The changes we implemented were …
Update on APRA’s Westpac investigation
… program focused on reviewing in detail Westpac’s risk governance, which APRA announced in December. The scope of the extensive review includes risk management, governance, accountability, remuneration and culture. The … 2019 remains in place, while APRA completes its risk governance review. This brings the total capital add-on that …