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Showing 11 - 20 of 114 results for "APRA"

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... emissions-intensive businesses are largest for investment funds, followed by insurers, and then banks." Jones noted that APRA has conducted a climate vulnerability assessment into the possible impactse of psyical and transition risk on major Australian ...

Sustainable, ethical super products fail performance test

RACHEL ALEMBAKIS, JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023  |  NEWS
... this morning, the 2023 performance test marks the first time trustee-directed products have been included in the test, with APRA assessing 805 in total. Of these 12% failed - but they represent 27% of the total funds under management in trustee-directed ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
Treasury has released an updated statement of expectations for the Australian Prudential Regulation Authority (APRA) which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is ...

Hejaz invests in Islamic Bank Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 MAY 2023  |  NEWS
... time to develop resources and capabilities and to conduct limited banking business during its start-up phase," according to APRA. Deposits are limited to under $2 million dollars for the first two years, for example. Previously, Hejaz had been seeking ...

Outgoing APRA deputy governor calls for greater board diversity

RACHEL ALEMBAKIS  |  THURSDAY, 18 MAY 2023  |  NEWS
Despite progress on increasing diversity on boards, outgoing APRA deputy governor Helen Rowell said "genuine diversity is still lacking around too many board tables" in the financial sector. In her final speech as APRA deputy governor, Rowell touched ...

Stewardship and greenwashing in spotlight at RI Australia 2023

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAY 2023  |  NEWS
... greenwashing will be a significant focus, with ASIC deputy chair Karen Chester delivering a keynote address on ASIC's direction. APRA executive director Sean Carmody will join the discussion on how Australia's forthcoming sustainable finance taxonomy ...

Push for greater ESG alignment in C-Suite pay

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... that she expects the low number of ASX100 companies with LTI links to ESG metrics will rise over the next 12-24 months as APRA's Prudential Standard CPS 511 takes effect. CPS 511 states that all APRA regulated entities - such as the Big Four banks - ...

Australia to introduce mandatory climate reporting

RACHEL ALEMBAKIS  |  TUESDAY, 13 DEC 2022  |  NEWS
... international engagement. Chalmers also noted that he wrote to the Council of Financial Regulators - which includes the RBA, APRA, ASIC, and Treasury - asking for support for the broader agenda, including disclosure reforms and tackling greenwashing. ...

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...