governance

Gift and hospitality register

… APRA employees who were guest speakers. 23/08/2024 Climate Governance Forum 2024 Australian Institute of Company …

Soft Stuff

… 2014 Print Email Ian Laughlin, Deputy Chairman - 31st Governance Institute of Australia National Conference, … three key elements: Capital management Risk management Governance All three of these elements must be strong. If any … various quantitative measures, specific requirements etc. Governance and risk management have both hard stuff and soft …

Financial Sustainability Challenges in Private Health Insurance

… consistent message to industry that PHIs with superior governance, business planning and risk management will be … the detail of the strategy including responsibilities and governance, the PHI’s view on effectiveness and an assessment … of the strategy to date, reporting, milestones and governance on actions taken. The findings of the review are …

APRA launches Westpac investigation and increases capital requirement add-ons to $1 billion

… an extensive review program focused on Westpac’s risk governance. The review program will include risk management, … of the steps Westpac has been taking to strengthen risk governance in recent years, including through its … sound, there are potentially substantial gaps in risk governance that need to be closed. “Given the nature of the …

APRA Deputy Chair Helen Rowell - Speech to the Risk Australia 2022 conference

… given 30 August 2022 Scaling the challenges of strong risk governance Good morning,  It’s a pleasure to be here today … to share my perspectives on the challenges of strong risk governance.  Managing risks in the financial sector is like … When it comes to scaling the challenges of strong risk governance and risk management, there will always be …

APRA Deputy Chair Helen Rowell - Speech to ASFA Conference

… to you and where it is clear there is more work to do – governance, underperformance and members’ best interests. To … see demonstrated every day across all walks of life, good governance is critical to long term success. So you won’t be … to hear that APRA’s focus on improving the quality of governance at superannuation funds will continue in 2021, …

APRA’s new digital Prudential Handbook

… Standards and guidance are grouped into clear pillars (governance, risk management, financial resilience / business … manage. There are four pillars that apply to all entities: Governance, Risk Management, Recovery and Resolution, and … similar standards and guidance together. Framework pillars Governance  Governance standards require entities to act with …

APRA outlines plans for climate risk prudential guidance and vulnerability assessment

… Prudential Practice Guide SPG 530 Investment Governance, which includes paragraphs related to environmental, social and governance (ESG) investments. The letter is available on the …

APRA announces new executive appointment

… as well as her experience in risk management, strategy and governance, make her well qualified to lead the Policy and … said. Ms Roberts will take up the position on 4 May.  Governance Media enquiries Contact APRA Media Unit, on  +61 2 …

Promoting confidence in the industry

… terms of the integrity of the system (a mix of regulation, governance, protection, communications and cost). Work by … have also been moves in many countries to improve the governance and risk management of pension funds. There is no … risks that are specific to the industry such as investment governance, defined benefit funding and solvency and …

APRA releases intermediated general insurance statistics for June 2020

APRA releases intermediated general insurance statistics for December 2020

Opening Statement

… issue I wanted to mention is our work on superannuation governance. This is an area where we remain keen to lift the … bar. There are some excellent examples of good practice governance in the superannuation sector, but equally there … some changes to our prudential requirements to strengthen governance frameworks. The changes we implemented were …

Putting Members' Interests First Legislative Amendments - Implementation

Update on APRA’s Westpac investigation

… program focused on reviewing in detail Westpac’s risk governance, which APRA announced in December. The scope of the extensive review includes risk management, governance, accountability, remuneration and culture. The … 2019 remains in place, while APRA completes its risk governance review. This brings the total capital add-on that …

Prudential reform of general insurance

… requirements; The checks and balances created by stronger governance standards; and The universal ‘health check’ on all … increased capital requirements, stricter corporate governance requirements and far greater emphasis on the role … under-capitalisation in general insurance. While the two governance standards - covering reinsurance and risk …

APRA responds to Royal Commission Final Report

… in particular, the central role that APRA’s work on governance, culture and remuneration will play in … and specific deterrence in appropriate cases, and APRA’s governance and other related arrangements in relation to …

Notes for Grattan Institute Panel Session

… that a focus on data quality by trustees is important. 5. Governance Improvements to governance needed in a range of areas; range of practices … Investments, insurance, conflicts management, etc. Governance, risk management and risk culture inherently …

APRA accepts court enforceable undertaking from Cbus and launches investigation

… plan prepared by Cbus to address weaknesses in governance and expenditure processes identified by an … Margaret Cole said: “APRA expects trustees to have robust governance, compliance and risk management frameworks in … program to rectify underlying behavioural, cultural and/or governance failures within the trustee observed by APRA …

Calculation of credit risk weighted assets – frequently asked questions