governance
Is self-regulation dead?
… noted that self-regulation tends to work best in setting governance, customer service and technical standards that … businesses to examine whether their internal systems of governance and control have kept pace with expectations. For … a great deal of attention on the importance of good governance, from the board down, in delivering good outcomes. …
APRA Chair Wayne Byres - Speech to the 2019 Banking and Finance Oath Conference
… noted that self-regulation tends to work best in setting governance, customer service and technical standards that … businesses to examine whether their internal systems of governance and control have kept pace with expectations. For … a great deal of attention on the importance of good governance, from the board down, in delivering good outcomes. …
APRA applies additional $250m capital requirement to Allianz Australia
… to reflect the issues identified in the insurer’s risk governance self-assessment. Allianz was one of 36 banks, … year. The self-assessments were aimed at gauging whether governance weaknesses identified by APRA’s Prudential … decision sends a message to all insurers. “The risk governance self-assessments not only demonstrated that the …
APRA applies additional capital requirements to three major banks in response to self-assessments
… reflect higher operational risk identified in their risk governance self-assessments. APRA has written to ANZ, … them to hold themselves to the highest standards of risk governance. Their self-assessments reveal that they have … Information Paper on the industry self-assessments of governance, culture and accountability is available on the …
APRA consults on enhanced supervision for life companies
… of life insurance companies and apply to them the same governance and fit and proper standards that currently apply … on proposed changes to: draft Prudential Standard LPS 510 Governance (LPS 510); draft Prudential Standard LPS 520 Fit … that authorised NOHCs of life companies have adequate governance procedures and that persons in responsible …
APRA releases final prudential standards for superannuation
… 310 Audit and Related Matters; Prudential Standard SPS 510 Governance; and Prudential Standard SPS 520 Fit and Proper . … of Interest; and Prudential Standard SPS 530 Investment Governance . The majority of the requirements in the …
Opening Statement to Senate Economics Legislation Committee - January 2022
… other ADIs. The BEAR was designed to improve the risk and governance cultures of ADIs by imposing a strengthened … the identified accountable persons and to transform governance, risk culture, remuneration and accountability … of an accountability regime aimed at improving risk and governance cultures from 143 ADIs under the BEAR to …
APRA issues $10.7 million infringement notices and accepts court enforceable undertaking from OPC
… in November 2022. The conditions were imposed to address governance, accountability and risk management deficiencies … provisions is indicative of various ongoing cultural and governance failures within the organisation. OPC has … APRA expects a commensurately high standard of governance and risk management. We expect trustees to adhere …
APRA finalises prudential guidance on managing the financial risks of climate change
… opportunities within their existing risk management and governance practices. The guide covers APRA’s view of sound practice in areas such as governance, risk management, scenario analysis and disclosure … and complimentary to APRA’s existing risk management and governance requirements. APRA-regulated entities are …
Accessing APRA Connect
… and for ensuring roles are assigned in line with their own governance processes. Before accessing APRA Connect: Entities …
APRA and ASIC host Superannuation CEO Roundtables – June and July 2024
… Investments APRA and ASIC agree that investment governance is an area of ongoing importance for … industry attention. Since the enhanced SPS 530 Investment Governance ( SPS 530 ) became effective on 1 January 2023, and S PG 530 Investment Governance ( SPG 530 ) on 20 July 2023, APRA has undertaken …