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Showing 51 - 60 of 118 results for "APRA"

Climate change "a first-order risk": RBA

RACHEL ALEMBAKIS  |  THURSDAY, 14 OCT 2021  |  NEWS
... Debelle noted that the Council of Financial Regulators - comprising Treasury, the Australian Prudential Regulation Agency (APRA), the Australian Securities and Investments Commission (ASIC) and the RBA - is tackling these issues through the Working Group ...

Islamic fund to expand into banking

RACHEL ALEMBAKIS  |  THURSDAY, 16 SEP 2021  |  NEWS
... financial products is planning to expand into banking. Hejaz Financial Services is in the process of submitting an application to APRA as a restricted ADI, said CEO Hakan Ozyon. If successful, Ozyon said they would be the first Australian Sharia-compliant ...

Climate transition a business opportunity: Geoff Summerhayes

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
... Climate-related business and investment decisions are shifting from risk to capturing new opportunities, according to former APRA executive board member Geoff Summerhayes. Climate change is moving from an issue of a "hygiene factor" to a question of ...

Banks face multi-billion risks from climate change: Accenture

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUL 2021  |  NEWS
... change, create a climate risk register, conduct framework gap analysis, and quantify and measure climate risk. In Australia, APRA is developing a framework to assess Australia's largest banks for their vulnerability to climate risk. APRA is working ...

Hostplus announces four board appointments

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUL 2021  |  NEWS
... for members to remove an individual director from the board of a trustee, said Maged Girgis, a partner at MinterEllison. APRA grants an RSE licence to a trustee to act as the trustee for a registrable superannuation entity. Directors are appointed to ...

Investors outline roadmap for mandatory climate disclosure

RACHEL ALEMBAKIS  |  TUESDAY, 29 JUN 2021  |  NEWS
... the government and regulators to cut red tape for business and support investment across Australia." The report calls on APRA, ASIC, Commonwealth Treasury and the ASX Corporate Governance Council to issue strengthened guidance and taking other regulatory ...

APRA to conduct climate vulnerability assessment on banks

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
APRA is developing a framework to assess Australia's largest banks for their vulnerability to climate risk. APRA is working in partnership with the country's five largest banks to design a climate vulnerability assessment (CVA) which will assess not ...

Trustees squeezed by competing climate risk pressures

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
... Edwards, chair of Spirit Super, the $23 billion merged Tasplan and MTAA Super, reeled off a list of developments, including APRA's draft guide for Prudential Practice Guide CPG 229 Climate Change Financial Risks (CPG 229) and legislation to reform proxy ...

APRA emphasises "compounding effect" of climate change

RACHEL ALEMBAKIS  |  THURSDAY, 22 APR 2021  |  NEWS
... climate change can interact and compound other institutional risks including credit risk, market risk, and liquidity risk, APRA has emphasised in a new practice guide. APRA has released a draft guide for Prudential Practice Guide CPG 229 Climate Change ...

NZ climate disclosure legislation to affect Australian entities

RACHEL ALEMBAKIS  |  THURSDAY, 15 APR 2021  |  NEWS
... of the listing rules." Australian regulators have weighed in on the need for climate change disclosure. In February 2020, APRA released a letter to all APRA-regulated entities entitled "Understanding and managing the financial risks of climate change" ...