APRA
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.
- by Sumeyya Ilanbey
Latest
$27 billion blowout as Chalmers admits budget sinking further into red
The nation’s finances will be a key battleground at next year’s election. New figures suggest the budget bottom line is getting much worse.
- by Shane Wright
Cbus board appointments prompts tough talk from APRA
The regulator has raised doubts over whether Cbus has completed the necessary processes under its licence conditions, after the fund said three CFMEU-linked directors had passed a fit and proper persons test and would be appointed to its board.
- by Sumeyya Ilanbey
Relax lending rules to boost mortgage competition: Bendigo CEO
Bendigo’s new chief says rules that require banks to test if a customer could handle a 3 percentage point interest rate rise are “not good for competition”.
- by Sumeyya Ilanbey
Analysis
Superannuation
Aussie super funds racked up $12b in expenses. See how much your fund is spending
Should superannuation funds spend millions of dollars on advertising? What is the financial benefit of sponsoring AFL teams? These are the questions the regulator has been asking.
- by Sumeyya Ilanbey and Craig Butt
‘Not happy with us’: ANZ scrambles to get its house in order amid scandals
ANZ has been battling to contain the fallout from a suite of scandals in the bank’s institutional division over the past few months.
- by Sumeyya Ilanbey
Opinion
Home loans
Should it be easier for the banks to give you a home loan?
If a range of sugar-hit policies spur fresh demand leading to higher property prices, ownership could remain beyond the reach of many Australians.
- by Elizabeth Knight
Exclusive
Healthcare
Private hospitals suspending ‘unprofitable’ surgeries as stoush with insurers deepens
One surgeon said many private hospitals were cutting theatre lists for plastic, breast and maxillofacial surgeons.
- by Sumeyya Ilanbey and Henrietta Cook
Opinion
Bonds
APRA goes loco on CoCo, sounding the death knell for bank hybrids
The financial regulator is planning to phase out a form of bank capital that has proven wildly popular with Australian retail investors.
- by Stephen Bartholomeusz
Exclusive
Superannuation
CFMEU official misused position to slug super fund with fees, APRA claims
Documents reveal the detailed allegations made against Michael O’Connor by the regulator, which is seeking to remove the union boss from the board of First Super.
- by Sumeyya Ilanbey
Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS
A Westpac whistleblower has said she was bullied after making internal complaints about suspected criminal activity at the bank’s RAMS Home Loans mortgage broking subsidiary.
- by Sumeyya Ilanbey
Original URL: https://www.smh.com.au/topic/australian-prudential-regulation-authority-jl7