governance
APRA and ASIC: a new era in cooperation
… that all trustees review the robustness of their existing governance and assurance arrangements for fees charged to … agency to generate stronger outcomes for the community. Governance, culture, remuneration and accountability (GCRA) … of a regulated entity can be seriously damaged by poor governance, remuneration structures and accountability …
APRA issues directions to NESS Super Pty Ltd
… to NESS Super Pty Ltd (NESS) designed to improve its governance and ensure the board’s structure, skills and … board. APRA gave the direction following an APRA governance review and an independent review conducted by NESS … of their funds. “The promotion of strong and effective governance is fundamental to a robust superannuation industry …
APRA requires RACQ to implement a risk transformation program
… APRA identified significant weaknesses in RACQ’s risk governance during a prudential review undertaken this year. … builds on this and seeks to ensure the material risk governance concerns identified are addressed. In addition to … “We expect APRA-regulated entities to have strong risk governance in place and we are disappointed with the current …
APRA releases CBA Prudential Inquiry Progress Report
… to examine the frameworks and practices in relation to the governance, culture and accountability within the CBA group, … The Panel notes in its report that: 'issues of governance, culture and accountability in a large financial … currently underway. "As the Panel has noted, issues of governance, culture and accountability in large organisations …
APRA reduces Allianz’s additional capital requirement by $100m
… in addressing issues identified in the insurer’s risk governance self-assessment. APRA imposed the additional … entities to “self-assess” against certain risk governance expectations. The self-assessments were aimed at gauging whether governance weaknesses identified by APRA’s Prudential Inquiry …
The Financial Claims Scheme: Protecting depositors and policyholders
… way by setting and enforcing legally binding standards of governance, risk management and financial strength that …
Prudential map for private health insurance
… guides are available here . Last updated 27 June 2023 Governance Topic Title Standard Guidance Board Governance CPS 510 HPG 510 Accountability Fit and Proper CPS …
APRA releases framework for supervising conglomerates but defers implementation
… institutions. The importance of strong group-wide governance, risk management and capital adequacy is therefore … today includes updated prudential standards in relation to governance, exposure management, risk management and capital …
APRA releases non-capital components of the supervision of conglomerate groups
… has today released for consultation clarifications to the governance and risk management components of the framework … groups. APRA Chairman Wayne Byres said: ‘The group governance and risk management requirements released today … cross-industry standards of Risk Management, Outsourcing, Governance, Business Continuity Management, and Fit and …
APRA Chair John Lonsdale’s speech to AFR Banking Summit
… Summit Tuesday 18 March 2025 Print Email Building a strong governance framework for turbulent times Good morning and … Commission to be reminded of the relationship between bad governance and poor outcomes for both entities and their customers. Although overall standards of governance among APRA-regulated entities have risen since …
APRA releases enhancements to prudential framework for life companies
… for life NOHCs. APRA will apply to these NOHCs the same governance and fit and proper standards that currently apply … revised prudential standards: Prudential Standard LPS 510 Governance (LPS 510); Prudential Standard LPS 520 Fit and … to ensure registered NOHCs of life companies have sound governance procedures which include that persons in …
APRA releases discussion paper on prudential standards for superannuation
… matters common to other APRA-regulated industries — on Governance, Fit and Proper, Risk Management, Business … matters of Conflicts of Interest, Investment Governance, Insurance in Superannuation, Defined Benefit …
APRA lifts N.M. Super’s additional licence conditions
… Proprietary Limited (N.M. Super) in response to governance and risk management concerns. N.M. Super, which is … undertaking (CEU) from N.M. Super pledging to rectify governance and risk management deficiencies. The undertaking … enabled and capable to deliver against the standards of governance and risk management that we expect of a trustee of …
APRA imposes additional licence conditions on Diversa Trustees
… operating model, which included matters relating to governance, risk management, and outsourcing and oversight. … force on 23 January, Diversa is required to: enhance its governance and risk frameworks, with a particular focus on … "These licence conditions set the minimum standard for governance, risk, outsourcing and oversight, and member …