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Showing 11 - 20 of 118 results for "APRA"

Super investment key to decarbonising Australia: ASFA

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
... electrifying the nation fund, in combination," Craston noted. ASFA notes in the research that total financial investments of APRA-regulated funds currently stands at $2.3 trillion and is projected to reach $10 trillion by 2050. "If you think about the ...

RIAA names Responsible Investment Super Leaders

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023  |  NEWS
... options over the three year period. RIAA noted the impact of mergers on the state of responsible investment in super funds - APRA-regulated entities amounted to 76 super funds or trustees in 2022, compared with 167 in 2020. In the last RIAA Responsible ...

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
... "too-little-too-late," disorderly and delayed. The group, consisting of 127 members including the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia, aims to support the transition toward a sustainable economy. It has ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... taxonomy could be embedded into regulatory arrangements either by legislation, via financial regulators such as ASIC and APRA "formally adopting the taxonomy as a standard or framework to guide their supervisory and enforcement activities - for example ...

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 ...