Yesterday
CBA, NAB chief executives prepare for long-term Trump disruptions
Matt Comyn and Andrew Irvine offer a view of an uncertain environment where upheaval could create big productivity gains – or cause serious harm.
APRA hasn’t read the room on board governance overhaul
A better option for the regulator would be to improve enforcement efforts, rather than increasing the compliance and governance burden on directors and boards.
Australia must heed turning tide of banking regulations abroad
APRA’s regulatory mission creep is unlikely to help banks and insurers compete more effectively against nimble start-ups and tech giants expanding into financial services.
APRA holds firm against deregulation push
The banking regulator is resisting the US push for greater deregulation to boost growth. But can that last given the international upheaval under way?
APRA chair says directors need to have ‘the time’ to do their job
John Lonsdale defends the regulator against concerns it has heaped too much red tape on bank and superannuation fund boards.
Citi legend to retire; Investors fear market ‘fracture’; New MacBook verdict
Read everything that’s happened in the news so far today.
APRA warns of ‘international upheaval’ in lending rules
The prudential regulator’s chairman John Lonsdale said it was unlikely that Australia would follow the US in moderating the requirement to hold capital.
This Month
Silk, directors singled out in AusSuper death benefits failure
As ASIC chairman Joe Longo called big super the “poster child” for governance failures, the watchdog launched a case in the Federal Court against the biggest provider.
Mullen is on the money on genuine board diversity
The right way forward is a proactive approach to genuine diversity that would rightly reject performative box-ticking.
Trump’s economic reset hits major super fund returns
The increasing exposure of the biggest retirement savings investors to US sharemarkets has driven the biggest fall in the value of their assets in nine months.
APRA-style term limits would wipe out up to 30pc of ASX directors
The 10-year limit outlined by the regulator on Thursday would send hundreds of directors out the door if they were introduced across industries.
Alfred’s a reminder that red tape is pushing up premiums
The problem is not only extreme weather. Australia’s fragmented insurance regulatory structure which requires separate licences for each to operate is also driving up costs.
These are the high-profile directors APRA is pushing out the door
Nearly a quarter of directors at the nation’s largest superannuation, insurance and banking institutions could be forced out under proposed term limits
Bank, super boards the target of APRA’s new director rules
The lobby group for company directors described some of the proposals, which include limits on tenure and more oversight in succession planning, “overreach”.
Who are the super directors facing APRA’s tenure limit?
There will scarcely be a board of a major industry super fund untouched if the prudential regulator comes after these lucrative patronages.
APRA targets boards; Cyclone Alfred intensifies; Trump’s chain reaction
Read everything that’s happened in the news so far today.
Cbus drama puts industry funds in APRA’s sights
The regulator wants to force new standards for the skills and capabilities of directors of financial services institutions. Industry super funds appear to be particularly in its sights.
‘Too small to fail’: Small banks push for subsidies
Customer-owned banks have told the Council of Financial Regulators they may need credit rating support, debt guarantees and government subsidies to survive.
Reining in the ‘golden age of private credit’
The formerly niche sector is steaming ahead in Australia, but potential investors are being urged to do their homework.
Retail super funds revolt as ASIC goes soft on AustralianSuper
The chief executives of AMP and Insignia, which runs MLC and IOOF, have criticised a lower fine for the not-for-profit industry superannuation giant.