Search Results

Showing 41 - 50 of 123 results for "APRA"

Hejaz Income Fund AUM up more than 50%

RACHEL ALEMBAKIS  |  TUESDAY, 12 APR 2022  |  NEWS
... during 2022 across a range of financial products. Hejaz Financial Services is in the process of submitting an application to APRA as a restricted ADI. If successful, Hejaz would be the first Australian Sharia-compliant deposit taking bank. Hejaz Financial ...

Christian Super, Australian Ethical to explore merger

RACHEL ALEMBAKIS  |  THURSDAY, 7 APR 2022  |  NEWS
... Super has signed a memorandum of understanding with Australian Ethical for a potential merger, after having been directed by APRA to merge. Both parties will conduct due diligence prior to confirming merger details, which would see Christian Super member ...

Divestment from sanctioned Russian companies a matter of governance

RACHEL ALEMBAKIS  |  THURSDAY, 10 MAR 2022  |  NEWS
... having inadvertently becoming exposed to sanctioned entities. This could a very difficult situation to navigate" he said. APRA has also weighed in, saying that they will not be taking any action against trustees who seek to divest Russian assets in this ...

Hejaz Financial Services predicts $100m growth in 2022

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
... we've been really focused on the B2C channel." Hejaz Financial Services is in the process of submitting an application to APRA as a restricted ADI. If successful, Hejaz would be the first Australian Sharia-compliant deposit taking bank. Hejaz Financial ...

APRA to survey all regulated entities on climate vulnerability

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) is sending a voluntary climate vulnerability assessment (CVA) survey to all regulated entities to see how their practices align with APRA guidance on managing financial risks of climate change. While ...

Accountants to play central role in ESG developments: CPA Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JAN 2022  |  NEWS
... inaction, Australia's financial regulators will continue to play a leadership role in responding to climate change," Rennie said. APRA began a bottom-up supervisory climate vulnerability assessment (CVA) exercise in 2021, with the cooperation of the ...

Leadership essential in implementing ESG: BNP Paribas Securities Services

RACHEL ALEMBAKIS  |  THURSDAY, 16 DEC 2021  |  NEWS
... ESG initiatives over and above actions by governments. We are seeing Australia move forward with regulation. For example, APRA released a guide to help financial institutions manage the financial risks of climate change at the end of November. This came ...

Hejaz Financial Services make senior banking appointments

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 DEC 2021  |  NEWS
... doesn't compromise their beliefs." Earlier this year, Hejaz announced it was in the process of submitting an application to APRA as a restricted ADI. Hejaz Financial Services currently provide lending services for homes and investment properties ...

APRA releases guidance on climate change risk

RACHEL ALEMBAKIS  |  THURSDAY, 2 DEC 2021  |  NEWS
The Australian Prudential Regulation Authority (APRA) has released its final prudential practice guide on climate change financial risks. Noting that climate risks extend to all sectors of the economy, APRA noted in Prudential Practice Guide CPG 229 ...

Super funds that invest responsibly draw market share: RIAA

RACHEL ALEMBAKIS  |  THURSDAY, 2 DEC 2021  |  NEWS
... increased responsibility of climate risk assessment comes at a time of increased regulatory focus on climate risk, including APRA's issuance of a climate risk management guidance. The Super Study shows that super funds that implement responsible investment ...