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ANZ CEO Shayne Elliott (right) and chairman Paul O’Sullivan.

ANZ blasted for years-long governance failures, slapped with $1 billion capital charge

ANZ has been forced to do a widespread review into its entire organisation after the financial regulator flagged issues stemming from the bonds trading scandal “may be present in other parts of the bank”.

  • Sumeyya Ilanbey

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APRA chairman John Lonsdale has put the boards of banks, insurers and superannuation funds on notice.

Ten years is enough: Regulator puts long-serving directors on notice

The APRA is set to call time on long-serving, incompetent and conflicted directors under a planned major shake-up of standards at banks, insurers and super funds.

  • Sumeyya Ilanbey
People with HELP debts may be able to borrow more or find it easier to get a mortgage under new government plans.

Banks told to ignore student debt when weighing up home loans

Millions of Australians collectively carrying more than $43 billion in student debts have faced problems getting a mortgage. Now they may have a chance to buy a home.

  • Shane Wright
Cbus chief executive Kristian Fok.

Parties, picnics: Watchdog probes what Cbus spent on CFMEU

The financial regulator has launched another investigation into embattled superannuation giant Cbus over its expenses bill.

  • Sumeyya Ilanbey
A decade-old secret review by former ACCC chairman Graeme Samuel into Cbus was released on Monday.

Secret report reveals super fund’s cosy culture with CFMEU

A review into the culture of the construction industry super fund, commissioned in 2015, has finally seen the light, and it says the fund was too closely linked to the disgraced CFMEU.

  • Sumeyya Ilanbey
Michael O’Connor, pictured this week, has defended his conduct on the board of First Super.

Union boss denies misusing position as super fund board director

Long-serving union secretary Michael O’Connor is facing a court-sanctioned ban as a super fund director after APRA sued him last year.

  • Sumeyya Ilanbey
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APRA deputy chair Margaret Cole has put super funds on notice over their expenses bill.

How super funds are spending your money

Australian super funds’ expenses swelled to almost $13 billion last financial year, including a $500 million splurge on an advertising and sponsorship blitz.

  • Sumeyya Ilanbey
Joe Longo said ASIC’s high-profile investigation into ANZ was one of the most complex investigations the regulator had undertaken.

‘Serious issues’: ANZ to learn its fate over governance scandal by mid-year

ASIC chair Joe Longo said the probe into allegations ANZ traders manipulated the bond rate was one of the most complex investigations the regulator had undertaken.

  • Sumeyya Ilanbey
Federal Court documents show hundreds of messages the financial regulator will rely on in its case against Michael O’Connor, the national secretary of CFMEU’s manufacturing division.

Messages show how powerful union slugged workers’ retirement savings

When a $2.4 million contract between the CFMEU and industry fund First Super was up for renewal, a long-serving union secretary allegedly saw a profitable opportunity.

  • Sumeyya Ilanbey
Wayne Swan appeared before a Senate committee on Friday morning.

Wayne Swan defends controversial CFMEU appointments to Cbus board

The super giant’s chairman was hauled before a Senate committee, where he was grilled over the governance failings engulfing the embattled fund.

  • Sumeyya Ilanbey

Original URL: https://www.brisbanetimes.com.au/topic/australian-prudential-regulation-authority-jl7