| Date | Title | Description |
| 20.01.2025 | APRA and ASIC release notes on Superannuation CEO Roundtables - November and December 2024 | The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the Superannuation CEO Roundtables held on Monday 25 November and Thursday 5 December 20... |
| 03.01.2025 | Kyndryl forecasts 2025 cybersecurity focus on supply chains | Kyndryl has released its cybersecurity predictions for 2025, with a primary focus on the security of supply chains following high-profile attacks and breaches in the past year.
Supply chain security has ascended as a priority for Australian... |
| 09.12.2024 | APRA to phase out AT1 as eligible bank capital | The Australian Prudential Regulation Authority (APRA) has confirmed it will phase out the use of Additional Tier 1 (AT1) capital instruments to simplify and improve the effectiveness of bank capital in a crisis.
Following an extensive consu... |
| 05.12.2024 | Moody’s Ratings changes global outlook for banks to stable from negative | Moody’s Ratings has changed its global outlook on banking system to stable from negative, reflecting its expectation that stabilisation of economic growth and monetary easing will support the operating environment for banks, alleviate press... |
| 04.12.2024 | Don't let your company make headlines for all the wrong reasons | Australian banks, superannuation funds, and insurance companies take note: the new Australian Prudential Regulation Authority (APRA) rules - stricter cyber security risk management - mean you, your team, and your company will be under serio... |
| 28.11.2024 | APRA releases quarterly private health insurance statistics for September 2024 | The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance (PHI) publication for the September 2024 quarter.
This edition of the publication covers statistics on membership, coverage, benefits ... |
| 26.11.2024 | Australian banks criticised for weak email scam defences | Proofpoint has released research indicating that a significant number of Australian banks are exposing their customers to enhanced risks of email fraud when compared to their US counterparts.
The analysis highlights that 66% of Australia's ... |
| 25.11.2024 | Resilience in Focus: How Australian Boards Are Preparing for CPS 230 | According to an industry expert, resilience has become a board-level concern for Australia’s financial services industry ahead of new CPS 230 Operational Risk Management regulations from the Australian Prudential Regulatory Authority, the i... |
| 18.11.2024 | 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 Committ... |
| 08.11.2024 | 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 financi... |
| 04.11.2024 | 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 insu... |
| 29.10.2024 | 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... |
| 25.10.2024 | 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... |
| 24.10.2024 | 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 ... |
| 01.10.2024 | APRA revokes International Bank of Australia’s restricted banking licence | The Australian Prudential Regulation Authority (APRA) has agreed to requests from International Bank of Australia Pty Limited to revoke its licence to operate as a restricted authorised deposit-taking institution (ADI) and IBOA Group Holdin... |
| 20.09.2024 | The clock is ticking on APRA's new operational risk management regulation | The forthcoming Operational Risk Management regulation from APRA will have a significant impact on financial institutions. With less than a year to comply, risk leaders should waste no time, writes Dan Cooke, Chief Business Officer for Asia... |
| 06.09.2024 | APRA consults on minor updates to the prudential framework for ADIs, insurers and RSE licensees | The Australian Prudential Regulation Authority (APRA) has released for consultation a number of minor updates to the prudential framework for authorised deposit-taking institutions (ADIs), general, life and private health insurers and regis... |
| 02.09.2024 | APRA and ASIC release notes on Superannuation CEO Roundtables - June and July 2024 | The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the Superannuation CEO Roundtables held on Tuesday 18 June and Tuesday 16 July 2024.
The... |
| 30.08.2024 | APRA releases 2024 superannuation performance test results | The Australian Prudential Regulation Authority (APRA) has released the results of the 2024 superannuation performance test.
The annual performance test is designed to increase industry transparency and improve member outcomes by assessing t... |
| 29.08.2024 | APRA releases superannuation statistics for June 2024 | The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the June 2024 quarter.
Key statistics for the superannuation industry as... |
| 22.08.2024 | APRA increases ANZ’s capital add-on to $750 million over non-financial risk management concerns | The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to Australia and New Zealand Banking Group (ANZ) to $750 million in response to heightened concerns about the bank’s non-financial risk managemen... |
| 22.08.2024 | APRA finalises new cross-industry Prudential Standard CPS 001 Defined terms | The Australian Prudential Regulation Authority (APRA) has finalised the new cross-industry Prudential Standard CPS 001 Defined terms (CPS 001). The new standard consolidates all existing standards on definitions for authorised deposit-takin... |
| 21.08.2024 | APRA releases notes on Life Insurance CEO Roundtable - July 2024 | The Australian Prudential Regulation Authority (APRA) has published the public notes from the life insurance CEO roundtable held on Wednesday, 17 July 2024.
The roundtable was hosted by APRA Member Suzanne Smith together with Executive Dire... |
| 02.08.2024 | APRA lifts N.M. Super’s additional licence conditions | The Australian Prudential Regulation Authority (APRA) has removed additional licence conditions imposed on N.M. Superannuation Proprietary Limited (N.M. Super) in response to governance and risk management concerns.
N.M. Super, which is par... |
| 31.07.2024 | The Rising Tide of Cyber Threats: Navigating Ransomware and Immutability in Australia | In the digital age, data is the new gold. Yet, like gold, it attracts thieves. Cyber threats loom large, and ransomware is the wolf at the door. Australian enterprises are grappling with this menace, facing decisions that could make or brea... |
| 29.07.2024 | Immutability is the cornerstone of a safe enterprise | Immutability, in the context of data and information technology, refers to the property of data or systems that cannot be changed once they are created. This concept plays a critical role in ensuring cyber safety in Australian enterprises. ... |
| 25.07.2024 | APRA releases annual Private Health Insurance Coverage Survey | The Australian Prudential Regulation Authority (APRA) has released its annual Private Health Insurance Coverage Survey publication for the December 2023 reference period.
The Private Health Insurance Annual Coverage Survey provides a snapsh... |
| 22.07.2024 | APRA issues $10.7 million infringement notices and accepts court enforceable undertaking from OPC | The Australian Prudential Regulation Authority (APRA) has agreed to accept a court enforceable undertaking (CEU) from OnePath Custodians Pty Limited (OPC) pledging to rectify compliance deficiencies and compensate members.
OPC has also paid... |
| 19.07.2024 | APRA reduces Westpac’s operational risk capital add-on by $500 million | The Australian Prudential Regulation Authority (APRA) will reduce the $1 billion capital add-on applied to Westpac Banking Corporation (Westpac) by $500 million in response to the bank's progress in improving its risk governance, culture an... |
| 04.07.2024 | APRA strengthens core prudential standard to support outcomes for members in super | The Australian Prudential Regulation Authority (APRA) has enhanced a core prudential standard governing strategic planning and member outcomes in superannuation.
The updated Prudential Standard SPS 515 Strategic Planning and Member Outcomes... |
| 02.07.2024 | Super trustees urged to strengthen oversight of retirement strategy implementation | The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are calling on superannuation trustees to boost efforts to track and measure the impact of their strategies to improve ret... |
| 28.06.2024 | APRA publishes letter on thematic review of recovery and exit planning in the superannuation industry | The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees sharing the initial observations from its targeted thematic review of the superannuation industry’s preparedn... |
| 18.06.2024 | The challenges in maintaining effective cybersecurity | An expected rapid increase in ransomware attacks and the exploitation of zero-day vulnerabilities by cybercriminals is likely to make 2024 the most challenging year yet for IT security teams.
Around the world, organisations of all sizes are... |
| 07.06.2024 | APRA has published further guidance on the Your Future, Your Super Performance Test | The Australian Prudential Regulation Authority (APRA) has issued a set of new and updated frequently asked questions (FAQs) to provide further guidance on the administration of the Government’s Your Future, Your Super Performance Test.
The ... |
| 06.06.2024 | APRA releases response on Superannuation Promoter definition | The Australian Prudential Regulation Authority (APRA) has released its response to the consultation on the proposed updates to the “promoter” definition under Reporting Standard SRS 101.0 Definitions for superannuation data collections.
The... |
| 28.05.2024 | ‘Abandoned, disrespected’: Rural branch closures inquiry calls for more banking regulation | (Clockwise from top left) The logos of NAB, ANZ, Westpac, and Commonwealth Bank. Source: AAP Image/ Joel Carrett. article-article-body
A banking regulator should have veto power over branch closures, otherwise country communities will conti... |
| 22.05.2024 | APRA releases quarterly private health insurance statistics for March 2024 | The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance (PHI) publication for the March 2024 quarter.
This edition of the publication covers statistics on membership, coverage, benefits paid... |
| 22.05.2024 | Member Therese McCarthy Hockey’s remarks to AFIA Risk Summit 2024 | Good morning and thank you for inviting me to represent APRA at my first AFIA Risk Summit.
In 1930, the British economist John Maynard Keynes predicted that within 100 years technological advances would have increased productivity to the po... |
| 01.05.2024 | APRA Executive Board Member Suzanne Smith - Speech to the All Actuaries Summit 2024 | Society empowered by a thriving life insurance industry
It’s a privilege to be here today and to join this panel. Naomi and the Actuaries Institute asked me to set out some context as to how APRA views the life insurance industry in Austral... |
| 26.04.2024 | APRA and ASIC release notes on Superannuation CEO Roundtables - March 2024 | The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the Superannuation CEO Roundtables held on Wednesday 27 March and Thursday 28 March 2024... |
| 12.04.2024 | APRA publishes the December 2023 edition of the Quarterly Superannuation Product Statistics and Quarterly Superannuation Industry Publication | The Australian Prudential Regulation Authority (APRA) has released the Quarterly Superannuation Industry Publication and the Quarterly Superannuation Product Statistics for December 2023.
The December edition of the Quarterly Superannuation... |
| 12.04.2024 | APRA and ASIC release a cross-industry information package on the Financial Accountability Regime | The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published further information to help banks, insurers and superannuation trustees prepare for the commencement of the... |
| 12.04.2024 | APRA to publish super fund expense data | The Australian Prudential Regulation Authority (APRA) will further increase transparency in superannuation by publishing new data on how members’ funds are being spent and invested by trustees.
The move follows a consultation with industry ... |
| 12.04.2024 | APRA consults on proposed amendments to the operational risk financial requirement for superannuation | The Australian Prudential Regulation Authority (APRA) has released for consultation proposed amendments to Prudential Standard SPS 114 operational risk financial requirement and its associated guidance.
The consultation, which follows APRA’... |
| 12.04.2024 | APRA releases quarterly private health insurance statistics for December 2023 | The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance (PHI) publication for the December 2023 quarter.
This edition of the publication covers statistics on membership, coverage, benefits p... |
| 12.04.2024 | APRA revokes Islamic Bank’s restricted banking licence | The Australian Prudential Regulation Authority (APRA) has agreed to a request from Islamic Bank Australia Pty Ltd (Islamic Bank) to revoke its licence to operate as a restricted authorised deposit-taking institution (ADI).
APRA granted Isla... |
| 12.04.2024 | APRA amends authorised deposit-taking institution licence for Avenue Bank to remove restrictions | The Australian Prudential Regulation Authority (APRA) has granted Avenue Bank Limited (Avenue) a licence to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959.
Avenue was previously lic... |
| 12.04.2024 | Member Therese McCarthy Hockey’s remarks to COBA CEO and Director Forum | Good morning. It’s great to join you once again for my second COBA CEO and Director Forum. Events such as this and the COBA Convention later in the year present a valuable opportunity to outline our thinking in important areas relevant to t... |
| 12.04.2024 | APRA releases superannuation statistics for December 2023 | The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the December 2023 quarter.
Key statistics for the superannuation industr... |
| 12.04.2024 | APRA releases minor updates to the prudential framework for ADIs and insurers | The Australian Prudential Regulation Authority (APRA) has released for consultation a number of minor updates to the prudential framework for authorised deposit-taking institutions (ADIs) and general, life and private health insurers.
This ... |
| 12.04.2024 | APRA releases letter on upcoming climate risk self-assessment survey | The Australian Prudential Regulation Authority (APRA) has released a cross-industry letter to advise on the scope, purpose and timing of its 2024 voluntary climate risk self-assessment survey of APRA-regulated entities. This survey follows ... |
| 12.04.2024 | APRA removes National Australia Bank’s operational risk capital add-on | The Australian Prudential Regulation Authority (APRA) has removed the $500 million capital add-on it imposed on National Australia Bank (NAB) in response to issues identified in the bank’s risk governance self-assessment.
APRA imposed the $... |
| 12.04.2024 | APRA releases intermediated general insurance statistics for December 2023 | The Australian Prudential Regulation Authority (APRA) has released its bi-annual intermediated general insurance statistics for December 2023.
The intermediated general insurance statistics publication provides an overview of intermediated ... |
| 12.04.2024 | APRA and ASIC issue final rules and further guidance for the Financial Accountability Regime | The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have released final rules and further guidance to support the financial services industry in implementing the Financial Ac... |
| 12.04.2024 | APRA releases quarterly authorised deposit-taking institution statistics for December 2023 | The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly ADI Property Exposures publications for the quarter ending 31 December 2023.
The bank... |
| 08.04.2024 | Money transportation is becoming uneconomic. Is this the end for cash? | Source: Canva article-article-body
If you’ve ever taken money out at an Australian ATM, been handed $20 change at a supermarket or paid someone in cash, you’ve probably used the services of Armaguard.
Owned by Linfox Group, Armaguard is Aus... |
| 14.02.2024 | Will you SME my Valentine? Judo Bank posts love letter to small business clients | An edited image of Joseph Healy and David Hornery of Judo Bank. Source: Supplied article-article-body
Love is all around. Just check the pages of Australia’s august newspapers, as Judo Bank shares its Valentine’s Day wishes to small busines... |
| 12.01.2024 | Australia’s sustainable finance strategy is here. But it’s only the first step | Source: Unsplash/ Zbynek Burival article-article-body
Just north of Jamestown in South Australia, 70 kilometres east of the Spencer Gulf and next to a wind farm of nearly 100 turbines, stands the world’s first big battery.
Built in partners... |
| 17.07.2023 | Australia's banks, insurers have three years to renegotiate cloud and IT contracts | Banks, insurers and superannuation trustees have until mid-2025 to comply with new system resiliency and business continuity standards, and up to an extra year to have them reflected in certain outsourced IT and cloud contracts.
The require... |
| 11.07.2023 | APRA finds its first chief data officer | The Australian Prudential Regulation Authority (APRA) has appointed Surabhi Jain as its inaugural chief data officer, following Jain's departure from Westpac Institutional Bank in March.
Jain started at APRA earlier this month. The regulato... |
| 06.07.2023 | APRA cyber security "stocktake" underlines third-party risks | A large-scale cyber security assessment of Australia’s finance sector continues to uncover weaknesses in the way third parties handle data and meet security standards.
The assessment will ultimately cover “more than 300 banks, insurers and ... |
| 04.07.2023 | BNK Bank blames core system for stats delay | BNK Bank, a recently rebranded regional credit union, has blamed a "technical issue" with its core banking system for being unable to generate regulatory reports on time.
The bank, which formerly operated as Goldfields Money, said... |
| 03.03.2023 | APRA hunts for new chief data officer | The Australian Prudential Regulation Authority (APRA) has a newly-created chief data officer role, reporting to executive director of technology and data Bruce Young.
Young was appointed to head APRA’s new technology and data division when ... |
| 01.02.2023 | APRA creates new technology and data division | The Australian Prudential Regulation Authority (APRA) has set up a new technology and data division, and appointed Bruce Young to head it up.
The new division combines the enterprise services technology team and the core data capabilities t... |
| 28.11.2022 | Medibank breach prompts "intensifying" APRA scrutiny | The Australian Prudential Regulation Authority (APRA) is intensifying its supervision of Medibank Private, and is widening its investigations into financial services security more broadly.
The move comes in the wake of the Medibank data bre... |
| 29.07.2022 | BaaS arrangements, downstream service provider risks in APRA's sights | Australia’s prudential regulator has set its sights on banking-as-a-service (BaaS) arrangements as part of proposed new rules aimed at strengthening operational risk management in financial services.
The Australian Prudential Regulation Aut... |
| 27.07.2022 | Why is Labor trying to wind back superannuation reforms, and what could be the outcome? | Australian Assistant Treasurer Stephen Jones speaks to the media during a doorstop interview at Parliament House in Canberra, Wednesday, July 27, 2022. (AAP Image/Lukas Coch)
Who could even question a requirement that super funds act in the... |
| 13.07.2022 | Super Fierce launches Australia's first unbiased super fund comparison index that covers 99.8% of the market; reveals Australia's top 15 funds | Only 15 out of 359 Australian funds outperformed the last 20 years of booms and crashes: the "Fierce Performers"
This outperformance amounts to ~$411k more for the average Australian by their retirement
The largest outperformance ... |
| 29.06.2022 | Neobank Volt exits the banking industry | Neobank Volt is closing down and returning its banking licence after failing to raise funding from investors.
One of Australia’s first neobanks made the announcement on its website on Wednesday, saying it had been "unable to secure the... |
| 04.05.2022 | Act early, but don’t panic yet: How small businesses should respond to the first interest rate hike since 2010 | After the first official cash rate hike since 2010, lending and credit experts say Australia’s small business community should recognise the potential impact of future interest rate increases — and take practical action if growing repayment... |
| 21.04.2022 | Australia's Financial Regulator Aims to Implement Crypto Regulation by 2025 | The Australian Prudential Regulation Authority (APRA) has laid out a policy roadmap for the implementation of regulation for financial entities engaging in activity with crypto-assets.
Australia's financial regulator set a tentative goal of... |
| 11.04.2022 | APRA still unclear on digital innovation trajectory | Australia's prudential regulator remains unclear about how to regulate the impact of digital innovations on the financial sector, three and a half years after it first began its deliberations.
The Australian Prudential Regulation Authority ... |
| 07.02.2022 | Crypto Theft Is On The Rise. Here’s How The Crimes Are Committed, And How You Can Protect Yourself | crypto. Shutterstock |
| 07.02.2022 | Crypto Theft Is On The Rise. Here’s How The Crimes Are Committed, And How You Can Protect Yourself | crypto. Shutterstock
News emerged overnight of the potential theft of more than US$326 million (A$457.7 million) of Ethereum tokens from a blockchain bridge (which connects two blockchains so cryptocurrency can be exchanged between them).
I... |
| 17.12.2021 | APRA releases annual report on counter-cyclical capital buffer | The Australian Prudential Regulation Authority (APRA) has published its annual information paper on the counter-cyclical capital buffer (CCyB), confirming that it maintained the CCyB at zero per cent of risk-weighted assets (RWA) in 2021.
T... |
| 07.12.2021 | APRA imposes additional licence conditions on Christian Super | The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on the trustee of Christian Super, Christian Super Pty Ltd, in order to protect the best financial interests of the fund's members.
The new cond... |
| 07.12.2021 | APRA releases quarterly authorised deposit-taking institution statistics for September 2021 | The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly ADI Property Exposures publications for the quarter ending September 2021.
Measures o... |
| 02.12.2021 | Executive Director, Superannuation Division, Suzanne Smith - notes to the 29th Annual Colloquium of Pensions and Retirement Research | The Retirement Income Covenant - Opportunities for Policymakers, Trustees and Members
Thank you for the opportunity to speak to you today in this Colloquium on behalf of APRA. We are very supportive of, and draw great insight from, the work... |
| 02.12.2021 | Australia and New Zealand Banking : APRA announces additional loss-absorbing capacity requirements | APRA said it will require domestic systemically important banks (D-SIBs), including ANZ, to increase their Total Capital by a further 1.5% of risk weighted assets (RWA) by January 2026. Inclusive of the previously announced interim increase... |
| 30.11.2021 | Australia and New Zealand Banking : APRA finalises capital framework | News Release
For release: 30 November 2021
APRA finalises capital framework
ANZ notes the release on 29 November 2021 of the final revisions to the Australian Prudential Regulation Authority's (APRA) capital framework for Australian banks t... |
| 29.11.2021 | APRA finalises new bank capital framework designed to strengthen financial system resilience | The Australian Prudential Regulation Authority (APRA) has finalised its new bank capital framework, designed to embed "unquestionably strong" levels of capital and align Australian standards with the internationally agreed Basel I... |
| 23.11.2021 | APRA releases superannuation statistics for September 2021 | The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the September 2021 quarter.
Key statistics for the superannuation indust... |
| 22.11.2021 | APRA Deputy Chair Helen Rowell - Speech to the Australian Financial Review Super and Wealth Summit | Hatching a plan for better post-retirement outcomes
Good morning, and thank you for inviting me to address you today.
When you've spent as much time around superannuation as I have, you get to see a lot of images of eggs. Usually in nests. ... |
| 15.11.2021 | APRA Australian Prudential Regulation Authority : Chair Wayne Byres - Speech to the 2021 UBS Australasia Conference | Thank you for the invitation to be part of this year's UBS Australasia Conference.
The agenda for this event is wide-ranging and forward-looking, roving well beyond the financial sector that is my domain. The overarching theme of 'Resilienc... |
| 09.11.2021 | APRA urges super members to prioritise their own best financial interests | The Australian Prudential Regulation Authority (APRA) is urging superannuation members - especially those whose MySuper products failed the recent performance test - to more actively engage with their super to maximise their retirement futu... |
| 28.10.2021 | Opening Statement to Senate Economics Legislation Committee - October 2021 | Wayne Byres, Chairman - Senate Economics Legislation Committee, Canberra
Thank you for the invitation to appear today.
I would like to begin by acknowledging the first appearance before this Committee of APRA's new Executive Member, Margare... |
| 28.10.2021 | APRA shines light on choice super sector | The Australian Prudential Regulation Authority (APRA) has published analysis of the performance of choice superannuation products ahead of releasing its first Choice Product Heatmap in late 2021.
As with APRA's MySuper Product Heatmap, whic... |
| 28.10.2021 | Banks get more time to prep IT systems for negative rates | Australian banks have been given another three months to prepare their IT systems to deal with the prospect of zero or negative interest rates after the industry's association aired concerns.
The Australian Prudential Regulation Authority (... |
| 22.10.2021 | Bruce Billson says amusement sector could stay shut due to insurance crisis | Australian Small Business and Family Enterprise Ombudsman Bruce Billson. Source: AAP/Tracey Nearmy
Urgent feedback from the amusement, leisure, and recreation sector is being sought by the small business ombudsman, after the release of an i... |
| 20.10.2021 | APRA Australian Prudential Regulation Authority : Executive Board Member, Margaret Cole - speech to the Financial Services Council webinar | Come together: overcoming super's sustainability challenge
Good morning, and thank you for inviting me to deliver some reflections on the state of the superannuation industry.
Throughout my career, I have tried to follow the advice given to... |
| 18.10.2021 | APRA Australian Prudential Regulation Authority : finalises guidance for new prudential standard on remuneration | The Australian Prudential Regulation Authority (APRA) has published guidance to assist banks, insurers and superannuation licensees in meeting the requirements of the new prudential standard CPS 511 Remuneration (CPS 511).
CPS 511, which co... |
| 05.10.2021 | SolveXia and Vizor Software Announce Partnership: Effective APRA Connect Reporting Bringing Benefits to Australian Financial Institutions | SYDNEY, Oct. 5, 2021 /PRNewswire/ -- SolveXia and Vizor Software have partnered for the Australian market to provide a comprehensive, end-to-end solution for APRA Connect reporting that will increase the quality of regulatory reporting whil... |
| 29.09.2021 | APRA releases revisions to prudential standard on investment governance in superannuation | The Australian Prudential Regulation Authority (APRA) has released for consultation its proposed revisions to Prudential Standard SPS 530 Investment Governance (SPS 530).
SPS 530 aims to ensure registrable superannuation entity licensees me... |
| 07.09.2021 | APRA releases quarterly authorised deposit-taking institution statistics for June 2021 | The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly ADI Property Exposures publications for the quarter ending June 2021.
Measures of ADI... |
| 06.09.2021 | ‘Uninsurable’ businesses face boom in cyber attacks | Source: Unsplash/Freestocks.
A swathe of Australian businesses could soon be uninsurable for cybersecurity risks because too many company directors believe simply having cyber insurance is sufficient.
A lack of understanding means business ... |
| 03.09.2021 | One in six Aussie super funds have failed the APRA performance test. What’s next? | Minister for Superannuation, Financial Services and the Digital Economy Jane Hume. Source: AAP/Mick Tsikas.
Thirteen of Australia’s 80 closely-regulated MySuper superannuation funds have failed the APRA performance test.
There’s a fair chan... |
| 23.08.2021 | Government’s extension of temporary COVID measure leaves retirees reliant on superannuation in trouble | Source: Shutterstock/The Conversation.
On May 29, the government announced by way of media release the extension of an emergency COVID measure: the temporary reduction in superannuation minimum drawdown rates.
The temporary halving of minim... |
| 12.08.2021 | Aspiring neobanks face stricter Australia licensing process after Xinja collapse | The news: The Australian Prudential Regulation Authority (APRA) has issued stricter standards for prospective neobanks that apply for banking licenses following Xinja’s collapse last December, per Business Insider Australia.
From here on ou... |
| 11.08.2021 | After Xinja’s collapse, the banking regulator is raising the bar for new banks to prevent future failures | Xinja CEO Eric Wilson
Australia’s next wave of neobanks will face even greater obstacles in getting approved, thanks to new licensing changes.
Updating the requirements on Wednesday, regulator APRA now demands all new banks have a tested “i... |
| 10.08.2021 | After a brutal climate report, Australian investors fear ‘falling behind’ without a net zero target and green disclosure rules | After Monday’s harrowing IPCC climate report, a major group of climate-focused investors fear Australia could be left behind in the global transition away from fossil fuels.
“We need to move with where global capital is moving,” said Erwin ... |
