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Showing 71 - 80 of 114 results for "APRA"

Directors urged to exercise legal duties over climate risk as context evolves

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... Financial Disclosures (TCFD), and, in Australia, prior to developments including the Hutley opinion and statements by ASIC, APRA, the RBA and the AASB regarding material disclosures of climate risk. Further, at the time, there was a lack of market response ...

Analysis: too big to be sustainable?

RACHEL ALEMBAKIS  |  FRIDAY, 29 NOV 2019  |  NEWS
... and conduct. In June, Westpac published its self-assessments, mandated by the Australian Prudential Regulation Authority (APRA)'s response to the Final Report of the Prudential Inquiry into Commonwealth Bank of Australia (CBA). In Westpac's o ...

Investors considering their options in voting at Westpac AGM

RACHEL ALEMBAKIS  |  FRIDAY, 29 NOV 2019  |  NEWS
... address governance, address accountability, they're very slow, which is what I think they said in their self-assessment to APRA," Kolesnikoff said. "They formulate an approach and then don't go ahead of it. These are all governance aspects, a breakdown ...

ASIC critiques management of non-financial risk in governance review

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2019  |  NEWS
... said Angus Armour, managing director of the Australian Institute of Company Directors (AICD). "As we have seen through the APRA Report into CBA and the findings of the Hayne Royal Commission there is a need for boards, especially in the financial services ...

Median CEO bonus payout near record high: ACSI

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2019  |  NEWS
... reports of declining public trust in companies. ACSI in the report quoted an Australian Prudential Regulation Authority (APRA) discussion paper Strengthening prudential requirements for remuneration, which noted "that there has been an absence of significant ...

Australian Sustainable Finance Initiative sets ambitious investment agenda

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
... the Australian initiative does not have explicit government backing. However, Geoff Summerhayes, executive board member of APRA, Executive Committee member of the International Association of Insurance Supervisors and chair of the Sustainable Insurance ...

ASIC report finds 17% of ASX300 identify climate as material risk

RACHEL ALEMBAKIS  |  FRIDAY, 21 SEP 2018  |  NEWS
... this report and published it adds additional weight to other statements by the Australian Prudential Regulation Authority (APRA), which has called upon regulated entities to disclosure their climate risks, and joins work such as the Hutley Opinion in ...

Reports analyse landscape for sustainability disclosures by corporate Australia

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2018  |  NEWS
... questions around the readiness of those companies," Petersen said. "... That raises questions for institutions like the ASX, like APRA, and like ASIC, including are those institutions climate-risk ready as well? We've heard many statements by Geoff Summerhayes ...

Government finds no legislative barriers to implementing TCFD

RACHEL ALEMBAKIS  |  FRIDAY, 6 APR 2018  |  NEWS
... report their climate change exposure with Board directors under pressure to demonstrate they are managing climate impacts. APRA has stated they see climate change as a financial risk. Today's response from Government puts to rest any remaining arguments ...

APRA encourages entities to perform stress-test for climate-related risks

RACHEL ALEMBAKIS  |  FRIDAY, 1 DEC 2017  |  NEWS
... policymakers," according to Geoff Summerhayes, executive board member of the Australian Prudential Regulation Authority (APRA). Revisiting and expanding on the themes he first raised in a landmark speech earlier this year, Summerhayes this week spoke ...