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Showing 41 - 50 of 118 results for "APRA"

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 ...

Beyond the spin - what did COP26 actually deliver?

SIMON O'CONNOR  |  FRIDAY, 26 NOV 2021  |  NEWS
... guidance on climate risks. This was backed up by a statement issued by Australia's financial regulators and central bank - APRA and RBA - and follows a recent reiteration of commitment by the RBNZ. Finally, there was the big announcement that the global ...

Top 100 asset owners "hold keys" to net zero: Willis Towers Watson

RACHEL ALEMBAKIS  |  THURSDAY, 25 NOV 2021  |  NEWS
... commit to this net zero target." Unger noted that it is increasingly accepted that climate risk is financial risk. At COP26, APRA and RBA issued a joint statement as members of the Network for Greening the Financial System (NGFS), a group of central ...

RBA, APRA outline COP26 commitments

RACHEL ALEMBAKIS  |  FRIDAY, 5 NOV 2021  |  NEWS
The Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) reiterated their stance that climate change will impact economic output, drive changes in the value of assets and income streams and therefore poses systemic ...

Kilter Rural in $70m mandate

RACHEL ALEMBAKIS  |  THURSDAY, 28 OCT 2021  |  NEWS
... on the area of farm but the public benefits you can provide. Those are big policy shifts, and even here locally, you have APRA issuing technical risk disclosures for climate risk, and investors have to think about how they are managing those risks." ...

Actuaries Institute challenges boards on skills gaps

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 OCT 2021  |  NEWS
... Services Boards. The paper is co-written by Barry Rafe, a former Actuaries Institute president, and Ian Laughlin, a former APRA deputy chair. The paper posits that the misconduct uncovered by the Royal Commission "has been attributable to their board ...