governance
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 …
The private health insurance policy roadmap: Where are we now?
… insurer resilience across three key dimensions - risk, governance and capital - and has been doing this in phases. … standard to private health insurers. The PHI Phase 2 governance review was launched in February 2018 to enhance governance, and business planning processes within the …
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's response to the Capability Review report
… 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 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 …
Audit consequential amendments – superannuation
… the superannuation prudential framework affecting audit, governance and fitness and propriety. June 2024 On 18 June … 310 Audit and Related Matters, Prudential Standard SPS 510 Governance, Prudential Standard SPS 520 Fit and Proper, and … KB Published 18 June 2024 Prudential Standard SPS 510 Governance - clean PDF 223.2 KB Published 18 June 2024 …
APRA's accountability map - accessible version
… is an accessible version of the Accountability Map in the Governance and Senior Executive Accountabilities document, … corporate affairs, regulatory affairs, and strategy and governance functions. Clare Gibney, Executive Director - … in: operational resilience; accountability regime; and governance, culture, remuneration and accountability. Bruce …
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 …
Governance of Unlisted Asset Valuation and Liquidity Risk Management in Superannuation - December 2024
… Governance of Unlisted Asset Valuation and Liquidity Risk …
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 …
Prudential map for superannuation
… guides are available here . Last updated 27 June 2023 Governance Topic Title Standard Guidance Board Governance SPS 510 SPG 510 Accountability Fit and Proper SPS … 114 Business Performance Review - SPG 516 Investment Governance SPS 530 SPG 530 Valuation - SPG 531 Recovery and …
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 …