The Australian Prudential Regulation Authority Press Releases - EIN Presswire

Published on November 22, 2024 - 01:33 GMT

Opening Statement to Senate Economics Legislation Committee - November 2024

Thank you for the opportunity to provide the Committee with an update on APRA’s initiatives to uphold safety, stability and resilience in Australia’s financial system, in the interests of the Australian community and to ensure regulated entities are …

Distribution channels: Banking, Finance & Investment Industry

Published on November 20, 2024 - 02:08 GMT

APRA Executive Director Carmen Beverley-Smith's remarks to the ASFA Conference 2024

Good morning and thank you ASFA for the opportunity to speak here today. As recent press coverage and Simone Constant’s comments highlight, the superannuation industry is under intense scrutiny. Not just by APRA and ASIC but by media commentators, the …

Distribution channels: Banking, Finance & Investment Industry

Published on November 19, 2024 - 15:42 GMT

APRA response to Cbus board announcement

The Australian Prudential Regulation Authority (APRA) is aware that United Super, the trustee for the Construction and Building Unions Superannuation Fund (Cbus), has announced new appointments to its board. Appointments to the board are the responsibility …

Distribution channels: Banking, Finance & Investment Industry

Published on November 19, 2024 - 08:27 GMT

H.E.S.T. Australia to make payments to members impacted by March 2020 revaluations

Today, H.E.S.T. Australia Ltd (HESTA) has agreed to make payments to two cohorts of members impacted by valuation decisions made by HESTA in March 2020, at the beginning of the Covid-19 pandemic. HESTA is the trustee for the HESTA superannuation fund, …

Distribution channels: Banking, Finance & Investment Industry

Published on November 18, 2024 - 03:59 GMT

Opening Statement: Inquiry into improving consumer experiences, choice and outcomes in Australia’s retirement system

APRA appeared before the Senate Economics References Committee inquiry into improving consumer experiences, choice and outcomes in Australia’s retirement system on 14 November 2024. Thank you for the opportunity to appear before the Committee today. I am …

Distribution channels: Banking, Finance & Investment Industry

Published on November 14, 2024 - 08:52 GMT

APRA publishes new and updated FAQs on capital for ADIs and insurers

The Australian Prudential Regulation Authority (APRA) has published one new frequently asked question (FAQ), updated 19 and deleted 11 FAQs on measurement of capital for Authorised deposit-taking institution (ADI) and insurers. The updates remove …

Distribution channels: Banking, Finance & Investment Industry

Published on November 13, 2024 - 04:10 GMT

APRA releases survey results assessing management of risks associated with climate change in the financial sector

The Australian Prudential Regulation Authority (APRA) has published the findings of its second climate risk self-assessment survey. The findings provide deeper insights into how regulated entities identify, manage and disclose the financial risks of …

Distribution channels: Banking, Finance & Investment Industry

Published on November 8, 2024 - 06:48 GMT

Therese McCarthy Hockey remarks to FINSIA’s The Regulators event

It’s great to see so many of you here to engage in this dialogue with regulators including APRA’s priorities. Today we’ll be looking at how APRA seeks to maintain the safety and stability of both the institutions we regulate and the financial system which …

Distribution channels: Banking, Finance & Investment Industry

Published on November 7, 2024 - 00:07 GMT

APRA consults on adjustments to its general insurance reinsurance framework

The Australian Prudential Regulation Authority (APRA) is consulting on targeted adjustments to its general insurance (GI) reinsurance framework. In response to reinsurance market developments and industry feedback, APRA is seeking to promote access to all …

Distribution channels: Banking, Finance & Investment Industry

Published on November 4, 2024 - 01:02 GMT

APRA registers new non-operating holding company – St Andrew’s Australia Services Pty Ltd

The Australian Prudential Regulation Authority (APRA) has registered St Andrew’s Australia Services Pty Ltd as a non-operating holding company of one registered life insurer under the Life Insurance Act 1995, and one authorised general insurer under …

Distribution channels: Banking, Finance & Investment Industry

Published on November 1, 2024 - 04:55 GMT

APRA applies additional $10m capital requirement to Pacific International Insurance

The Australian Prudential Regulation Authority (APRA) has applied an additional $10 million capital requirement to Pacific International Insurance Pty Limited (Pacific) following a review of its binder holder arrangements. These are arrangements that …

Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2024 - 08:10 GMT

APRA releases Monthly Authorised Deposit-taking Institution Statistics for September 2024

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Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2024 - 08:10 GMT

APRA updates RPG 702.0 for the Economic and Financial Statistics (EFS) collection

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and …

Distribution channels: Banking, Finance & Investment Industry

Published on October 30, 2024 - 06:38 GMT

APRA increases transparency of super fund expenses

The Australian Prudential Regulatory Authority (APRA) has released its inaugural publication of the fund level data on expenditure covering a broad range of categories, including investment-related expenses, as well as administration and other expenditure, …

Distribution channels: Banking, Finance & Investment Industry

Published on October 29, 2024 - 00:24 GMT

APRA Deputy Chair Margaret Cole - Speech to the AFR Super & Wealth Summit 2024

Good morning, Thank you AFR for inviting me to join you today. It’s good to be here. Today I want to talk about privilege, responsibility and accountability. Superannuation is a giant, systemically significant, complex, maturing and dare I say “issues- …

Distribution channels: Banking, Finance & Investment Industry

Published on October 29, 2024 - 00:19 GMT

APRA and ASIC publish latest data on life insurance claims and disputes - June 2024

The Australian Prudential Regulation Authority (APRA) has released its Life Insurance Claims and Disputes Statistics publication, covering a rolling 12-month period from 1 July 2023 to 30 June 2024. APRA’s Life Insurance Claims and Disputes Statistics …

Distribution channels: Banking, Finance & Investment Industry

Published on October 25, 2024 - 02:37 GMT

Opening Statement to the House of Representatives Standing Committee on Economics - October 2024

Thank you for the opportunity to appear before the Committee to discuss APRA’s Annual Report 2022-23. Last week we tabled our most recent Annual Report for 2023-24 and the two documents provide a comprehensive overview of APRA’s performance and activities …

Distribution channels: Banking, Finance & Investment Industry

Published on October 24, 2024 - 06:17 GMT

Opening Statement: Financial regulatory framework and home ownership

Thank you for the opportunity to appear today. I am joined by my colleagues Chris Gower, Executive Director – Cross Industry Risk; Sean Carmody, Executive Director – Policy and Advice; and Marion Kohler, General Manager – System Risk. In brief opening …

Distribution channels: Banking, Finance & Investment Industry

Published on October 24, 2024 - 01:30 GMT

APRA amends operational risk financial requirements for superannuation trustees

The Australian Prudential Regulation Authority (APRA) has amended the prudential requirements for superannuation trustees relating to operational risk financial requirements (ORFR) as set out in Prudential Standard SPS 114 Operational Risk Financial …

Distribution channels: Banking, Finance & Investment Industry

Published on October 23, 2024 - 09:21 GMT

APRA releases letter to RSE licensees on intensified supervision approach

The Australian Prudential Regulation Authority (APRA) has published a letter to all registrable superannuation entity (RSE) licensees outlining its approach for intensifying supervision of fund-level expenditure. The letter provides RSE licensees with …

Distribution channels: Banking, Finance & Investment Industry