covid 19
APRA Chair Wayne Byres - Speech to the Australian Financial Review Banking and Wealth Summit
… for the year ahead very quickly went out the window when COVID-19 struck. To use three of the most over-used words of … spoken previously about how we responded to the onset of COVID-19 with a rapid change to our priorities. 1 In … program are critical reforms that were inflight when COVID-19 descended. There are three I want to highlight …
Deputy Chair John Lonsdale - speech to Customer Owned Banking Association (COBA) 2021 CEO & Directors Forum
… position relative to many other countries. With low COVID-19 cases, we have seen a number of strong indicators of … by mutuals were impacted by repayment deferrals due to COVID-19. Mutuals maintained this position relative to the … and CET1 ratios, and have so far weathered the impacts of COVID-19 well. This reflects well on smaller ADIs, but does …
APRA’s new Corporate Plan focuses on protecting today, while preparing for tomorrow
… and activities. “With no sign of an imminent end to the COVID crisis, helping regulated entities and their customers …
APRA releases superannuation statistics for June 2022
… the accumulation of household savings during the onset of COVID-19. Benefit payments totalled $85.8 billion, declining …
APRA releases annual report on counter-cyclical capital buffer
… strong; There is ongoing uncertainty due to COVID-19 and some downside risks remain. In addition, …
APRA releases general insurance statistics for December 2020
… quarter (predominantly due to increased provisions for COVID related BI claims, alongside storm events and long tail …
APRA targets underperformers with first full refresh of MySuper Product Heatmap
… heatmap. And despite an immensely challenging year with COVID-19, more than half of MySuper products exceeded our …
APRA takes next steps to expand its superannuation data collection
… under pressure from a range of challenges associated with COVID-19. However additional, high quality data that is …
Opening Statement to the House of Representatives Standing Committee on Economics - June 2020
… and capability. Given the economic environment related to COVID, APRA also has intensified supervision of all …
APRA releases quarterly authorised deposit-taking institution statistics for June 2020
… There is some degradation of asset quality as a result of COVID-19, although the full scale of this impact will only be …
APRA releases quarterly authorised deposit-taking institution statistics for March 2020
… early declines in capital and asset quality as a result of COVID-19, however the full scale of these impacts will only …
Opening Statement to House of Representatives Standing Committee on Economics - October 2022
… to the significant health and economic impact of the COVID-19 pandemic that dominated the year. In that report, we … by the Optus data breach – and the lingering impact of COVID-19 are creating volatility in financial markets, …
A conversation with new APRA Member Margaret Cole
… Regulatory Leader, based in Melbourne. That was before COVID. By the time I arrived in Australia in September 2020, … what do you miss about the UK? I’m loving Melbourne, but COVID has meant that we haven’t been able to travel as much … a time of significant legislative change and in the era of COVID-19 is a fairly risky venture. But I hope my past record …
APRA Chair Wayne Byres - Speech to the Committee for the Economic Development of Australia
… What’s been asked of us has only expanded. The onset of COVID-19, however, saw our priorities sharply narrow. We … in extreme weather events. After a year of not just COVID, but also devastating bushfires, storms and floods, the … I think this partly reflects the overwhelming nature of COVID-19, but also reflects that many banks, insurers and …
APRA urges greater focus on improving governance and strategic planning in super
… in response to heightened market vulnerability prompted by COVID-19, as well as increased member switching and the …
APRA releases life insurance statistics for March 2020
… a substantial collapse in investment revenue owing to the COVID-19 related volatility in investment markets. This was …
Updated MySuper Heatmap shows fee reductions for millions of members
… and operational costs funds have faced in relation to COVID-19. Furthermore, some funds and products have closed, …
APRA Deputy Chair Helen Rowell - Speech to ASFA Conference
… of the policy and supervision agenda that was curtailed by COVID-19 last year. In the period ahead, we intend to … challenge – which will almost certainly be different to COVID-19. When thinking about diversity on boards, it is …
APRA releases quarterly authorised deposit-taking institution statistics for June 2021
… currently faced by the industry from the delta variant of COVID-19 and ongoing lockdowns. Government stimulus and …
APRA releases life insurance statistics for December 2022
… in bond yields, repricing activities and releases of COVID-19 reserves throughout the year. Individual lump sum …