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03 December 2020 • By Sarah Simpkins • 1 min read

Prepare for more volatility: APRA

APRA’s chair has warned financial services players should be preparing themselves for the next crisis, prescribing capital, liquidity and climate risk ...

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System failures amplifying remediation issues

Defects in institutions’ systems have escalated many remediation programs, according to the corporate regulator, reporting blown up costs for ...

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Westpac hit with new regulatory action

Westpac has been hit with a court enforceable undertaking by APRA after the regulator found it was dragging its feet on risk governance and ...

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‘Immature and reactive’: APRA slams Westpac risk culture

The chief of Westpac has vowed to remedy the bank’s shortcomings, as APRA has slapped it with a wave of new obligations and blasted its risk culture

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RBA makes December rate call

The RBA has had its final say on interest rates for the year as Australia enters a critical period for its economic recovery. The RBA has left ...

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CBA cops civil proceedings for overcharged interest

ASIC has commenced civil penalty proceedings in the Federal Court against the Commonwealth Bank, over the bank charging an interest rate on business ...

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APRA takes action against Westpac over liquidity breaches

APRA has taken enforcement action against Westpac in response to material breaches of prudential standards around liquidity.  The breaches, which ...

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ASIC probes missing woman

ASIC is seeking to liquidate the business of a missing woman after it found that she may have misappropriated investor funds and provided financial ...

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Major cyber breach in finance inevitable: APRA

To date, no APRA-regulated bank, insurer or superannuation fund has suffered a substantial cyber attack, but APRA executive board member Geoff ...

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APRA slashes CBA risk capital add-on

APRA will halve the $1 billion capital add-on it required of CBA after the prudential inquiry, reporting the bank has progressed on addressing ...

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