Search Results

Showing 41 - 50 of 140 results for "APRA"

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 ...

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 ...