All posts tagged "Geoff Summerhayes"
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2.0KAustralia & NZAPRA Unveils Details of New Cyber Security Strategy
Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
November 27, 2020 -
441Australia & NZ
APRA to Integrate AASB 17 with Capital, Reporting Frameworks
A failure to update the frameworks would result in insurers needing to maintain dual valuation, actuarial, accounting and reporting systems, APRA says.
November 26, 2020 -
1.2KAustralia & NZ
APRA to Toughen Approach to Regulating Cyber Hygiene at Banks
APRA has observed areas of common weakness, such as poor cyber hygiene, the lack of a comprehensive security patching regime and poor access management practices.
November 11, 2019 -
760Australia & NZAPRA Orders Allianz to Raise Capital Level by A$250m
APRA wants to send a message to the insurance and super sectors that it expects the same high standards of risk management, including for non-financial risks, as it does for banks.
August 15, 2019 -
753Australia & NZ
APRA Releases Finalised Guidance on Information Security
The updated guidance is intended to help regulated entities comply with APRA’s new cross-industry prudential standard on information security, which comes into force on 1 July.
June 26, 2019 -
732Australia & NZClimate Change a Major Financial Risk, say APRA, ASIC
"Ultimately there will only be one form of finance, and that will be green finance," said APRA head of insurance Geoff Summerhayes at the ACSI annual conference.
May 9, 2019 -
1.5KAustralia & NZAustralian Financial Sector Teams Up on Climate Initiative – Report
Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.
March 30, 2019 -
721Australia & NZ
APRA Proposes Updated Guidance on Information Security
APRA is seeking feedback on updated guidance which will help the industry embed the new prudential standard on information security in July.
March 27, 2019 -
669Australia & NZ
FIs Should Consider Climate in Risk Management Frameworks – APRA
Australia’s banking regulator will enhance its scrutiny on how banks, insurers and super funds are mitigating climate-related risks to their businesses.
March 25, 2019 -
813Australia & NZClimate Change Poses Financial Stability Risk – RBA
Financial stability could be put at risk from the physical impact of climate change and "an abrupt disorderly transition" to a low-carbon economy.
March 14, 2019
