APRA responds to Capability Review report
The prudential regulator supports all 19 recommendations
-
-
Planned $3.3 billion sale of AMP’s life unit “unlikely” to proceed
Shareholders miss out on dividend due to the uncertainty surrounding the insurance deal
-
What APRA can learn from New Zealand’s Reserve Bank shortcomings
A new report details where regulators went wrong
-
APRA releases updated guidance on information security
The prudential guidance will assist entities on managing information security risks, including cybercrime
-
"Insurers that continue to take a passive approach can expect more assertive action"
There’s no excuse for insurers to do nothing and hope the government will fix everything, says prudential regulator
-
Australian election result impacts risk
Research forecasts the bottoming of the market by the end of the year and then a gradual recovery
-
ASIC wants to lift standards on complaints handling
The regulator consults on proposed new standards for dealing with complaints across the financial system
-
APRA: “No excuse for inaction” on climate change
All general insurers are actively taking steps to understand climate risk, but only 40% of life insurers said they were doing so
-
APRA releases new Enforcement Approach
It was designed to help the prudential regulator better leverage its enforcement powers
-
Pacific International Insurance placed under review status
The ratings actions relate to a forthcoming material change to the insurer’s business plans and scope of operations