governance
Opening Statement to the House of Representatives Standing Committee on Economics - June 2023
… more adaptable; and reviewing core standards, including governance and the regulation of conglomerate groups. Key …
APRA and ASIC host Superannuation CEO Roundtable - September 2023
… involves implementing systems and processes, establishing governance practices that meet any new climate reporting …
Combating complacency in a new era of PHI instability
… the Roadmap consists of three phases: risk management, governance and capital. The core of the first phase, risk … cyber risk. We launched consultation on the second phase, governance, in February this year. We proposed to strengthen the rules around governance, fitness and propriety and audit, with effect from …
APRA’s observations on the implementation of the new PHI capital framework
… under five headings, “Integration and Coverage”, “Governance”, “Risk Management”, “Capital Management” and … in CPG 110 is that it should be relatively self-contained. Governance Many Summary Statements lacked detail on the … Insurers are required to strengthen the control and governance processes in place in producing these data …
APRA Executive Board Member Suzanne Smith - Members Health Directors' Professional Development Program
… a crisis? And finally, ensure you have adequate IT risk governance and IT audit coverage to help identify and address … critical service providers in PHI, boards must have strong governance processes in place to adequately monitor …
Premium increases in life insurance
… design Life companies should improve their product governance. They should start by considering consumer needs, … Instead, TMDs should be seen as part of good product governance. Life companies should focus on consumers in the … drivers of future premium increases. More rigorous product governance practices, which will be aided by deeper …
What are the costs of Australian BASEL III implementation and what are the benefits
… stability. It suits Australia well to overlay economic governance that is stronger than the developed world average, … and crisis. APRA does its bit for the larger financial governance equation by ensuring that our ADIs, insurance …
APRA’s expectations of superannuation fund trustees
… obtain a deeper understanding of the adequacy of trustee’s governance and oversight of the risks associated with making … conducted, documented and approved as per the trustee’s governance processes. Trustees can expect APRA supervisors to …
Preparing for the unexpected - Insights from APRA’s 2015 Life Insurance stress test
… with a set of objectives designed to uplift stress testing governance and capability, provide insights into capital … developing their stress testing frameworks, models and governance practices in recent times, most were still … me turn now to our observations regarding stress testing governance and modelling capability. Remember this was a key …
Archived - Application of the capital framework for COVID-19 related disruptions frequently asked questions
… APRA has set expectations on the risk management and governance of the DCL in FAQ 6 and FAQ 8. APRA expects … 602.7) 95% 85% FAQ 9: What are APRA’s expectations for the governance and management of the DCL? APRA expects all … the insurer demonstrates the analysis, risk management and governance as outlined in these FAQs. Insurers may similarly …