What is Prudential disclosure?
What is Prudential disclosure?
This Prudential Standard requires a locally-incorporated authorised deposit-taking institution (ADI) to meet minimum requirements for the public disclosure of key information on its capital, risk exposures, remuneration practices and, where applicable, its leverage ratio, liquidity coverage ratio, net stable funding …
What is aps330?
Australian Prudential Standard APS 330 ‘Public Disclosure’, requires ADI’s to undertake periodic disclosure of information on their capital adequacy, capital instrument and remuneration practices to contribute to the transparency of financial markets and to enhance market discipline.
What is aps222?
The objective of this Prudential Standard is that authorised deposit-taking institutions identify, monitor and control contagion risks arising from their associations and dealings with related entities and those creating step-in risk.
What is cps220?
CPS 220 allows an APRA-regulated institution that is part of a group to meet the requirements of the standard on a group basis provided that the Board of the institution is satisfied that the requirements are met in respect to that institution.
What is apg223?
APG 223 – Residential Mortgage Lending.
When was cps220 introduced?
Introduced in January 2015, CPS 220 now formalises the established concepts of risk management framework and risk appetite along with the role of the Chief Risk Officer [CRO].
What is sps515?
This Prudential Standard sets out requirements for an RSE licensee to regularly assess the outcomes provided to members and identify opportunities for improving these outcomes, supported by sound strategic and business planning.
Who should a CRO report to?
In an ideal world, the chief risk officer would report to the CEO and have a dotted line to the board or a board committee. In reality, most CROs report to the CEO or the CFO, depending on the industry. Best practices call for the CRO to have at least a dotted line to the board or a board committee.
What is sps250?
November 2019. On 25 November 2019, APRA released for consultation its proposed revisions to SPS 250, which are aimed at improving superannuation member outcomes by helping trustees select the most appropriate policies for their members, and monitor their ongoing relationships with insurers.
Why do I need a chief risk officer?
The CRO is responsible for all risk management strategies and operations, as well as supervising the organization’s risk mitigation and identification procedures. In recent years, IT has become a big part of every business and naturally, the CRO needs to address the risks associated with data breaches and hackers.
What does Chief Risk Officer do?
The chief risk officer (CRO) is the corporate executive tasked with assessing and mitigating significant competitive, regulatory and technological threats to an enterprise’s capital and earnings. The position is sometimes called chief risk management officer or simply risk management officer.
What is an RSE licensee?
What is an RSE licensee? An RSE licensee is a constitutional corporation, body corporate, or group of individual trustees, that hold an RSE licence granted by APRA under section 29D of the Superannuation Industry (Supervision) Act 1993.
