governance
APRA releases survey results assessing management of risks associated with climate change in the financial sector
… and superannuation trustees. Areas of strength were ‘governance and strategy’, as well as ‘risk management’. … on ‘disclosure’ or ‘metrics and targets’. More mature governance structures are typically in place at entities …
APRA and ASIC commence joint administration of the new Financial Accountability Regime
… In doing so, the FAR aims to improve the risk and governance cultures of those financial institutions. … “Just as the BEAR has helped to sharpen risk culture and governance in the banking sector, we expect the FAR to have a …
Consultation on draft Prudential Practice Guide on Climate Change Financial Risks
… arising from climate change, including with respect to governance, risk management, scenario analysis and … draft PPG, and the practices it sets out in the areas of governance, risk management, scenario analysis and …
Opening Statement to the House of Representatives Standing Committee on Economics - June 2020
… relation to ME Bank’s operational management and its risk governance frameworks and capability. Given the economic … this issue has raised our focus on ME Bank’s risk and governance frameworks, and APRA will continue regular and …
APRA's current focus in superannuation
… Venkatramani, General Manager - AIST Superannuation Fund Governance Conference, Melbourne Of late, prudential … financial industry. The principles aim to ensure effective governance of compensation, alignment of compensation with … more broadly, adequacy of resources), risk management and governance, supported by regular reporting. Regarding …
Beyond data collection: APRA's data modernisation agenda
… legacy systems. The overlay of revised data governance and processes will further ensure that we can be …
APRA releases CBA Prudential Inquiry Final Report and accepts Enforceable Undertaking from CBA
… to examine the frameworks and practices in relation to the governance, culture and accountability within the CBA group, … levers: more rigorous Board and Executive Committee level governance of non-financial risks; exacting accountability … Wayne Byres said the Inquiry Panel’s findings show CBA’s governance, culture and accountability frameworks and …
Key issues for the year ahead: Bank capital and the approaching BEAR
… standards (in terms of requirements in relation to governance, remuneration and the fitness and propriety of … the quality of loan portfolios, or promoting better governance and accountability, the objective is to ensure …
Insurance recovery planning thematic review – key observations
… tested and improved with ongoing board oversight. 1. Governance Robust governance arrangements are essential both for effectively … where appropriate. This includes ensuring that the governance arrangements for escalation and activation of the …
Views from APRA
… consolidated (multi-industry) prudential standards on governance, fit and proper, outsourcing and business … the prudential soundness of insurers, but also general governance and management standards across the industry. … time, overall capital levels remain healthy. Generally, governance standards are adequate, with larger insurers …
Perspectives on the global regulatory agenda
… itself. At the heart of the crisis were failings in the governance and management of individual financial … the Basel Committee’s Principles for Enhancing Corporate Governance. Each of these four phases is critical to fully … that long-standing problems rarely have an easy answer. Governance and culture As the output from the regulatory …
APRA Deputy Chair Helen Rowell - Speech to the Insurance Council of Australia Virtual Industry Forum
… Risk Management 101". It involves a sharpening of governance and risk management frameworks, including risk … claims and exposure management, and – importantly – good governance. Getting these aspects right enables a win-win: … with the lowest scoring risk culture dimensions were: Risk governance and controls (which considers whether there is …
APRA Annual Reports
… in accordance with sections 43 and 46 of the Public Governance, Performance and Accountability Act 2013 . APRA …
Accessible version - Figure on APRA's prudential framework - SPG 516 Business Performance Review
… that SPG 516 is in the business operations pillar. Pillar: Governance Core obligation: Act with honesty, integrity, …
Accessible version - Figure on APRA's prudential framework - SPG 515 Strategic and Transfer Planning
… that SPG 515 is in the business operations pillar. Pillar: Governance Core obligation: Act with honesty, integrity, …