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Showing 21 - 30 of 114 results for "APRA"

Carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022  |  NEWS
... applying the annual performance test. This means that if faith-based products were to fail the original performance test, APRA would assess the product against a supplementary performance test that implements alternative indices. Though this policy was ...

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... in the last week, including a commitment by the assistant treasurer to establish national standards for a green taxonomy, APRA flagging that their climate vulnerability assessment is likely to extend to super funds and insurance companies, and ASIC saying ...

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

No ESG drag seen in performance test results

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... released draft legislation that would adjust how the performance test is applied to faith-based products. Under the legislation, APRA would be allowed to consider the religious affiliation of a super fund in assessing its annual performance. Frontier ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... said that Council of Financial Regulators Climate Working Group have identified three priority areas for the participants - APRA, ASIC, the RBA and Treasury - to focus on - the Climate Vulnerability Assessment (CVA) conducted by APRA on banks, increased ...

APRA releases climate risk assessment results

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
... a "material or moderate impact on their direct operations," according to the Australian Prudential Regulation Authority (APRA). APRA has published the findings of a voluntary climate risk self-assessment survey conducted across the entities APRA regulates. ...

V-Square launches ESG index strategy

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
... superannuation funds. "We looked at the Australian market and considered the Your Future, Your Super performance test and APRA regulations and realised that the conundrum for a lot of Australian asset owners is to be lower fees, better value for members ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022  |  NEWS
... faith-based products. The regulator has also launched a public consultation that will close on August 16. Under the legislation, APRA would be allowed to consider the religious affiliation of a super fund in assessing its annual performance. For this ...

Rainmaker reveals ESG super fund leaders

RACHEL ALEMBAKIS  |  THURSDAY, 30 JUN 2022  |  NEWS
... Study. Rainmaker calculates that ESG super funds oversee $1.8 trillion being 71% of Australia's market for institutional (APRA-regulated) superannuation. Rainmaker assesses the elements of being a quality ESG super fund against five dimensions - ...