POWERED BY MOMENTUM MEDIA
APRA claims positive impact from supervisory approaches
The 2019 Stakeholder Survey from the Australian Prudential Regulation Authority (APRA) is claiming the regulator’s supervisory approaches are having a positive impact on risk management and culture in the banking, insurance and superannuation industry, despite a downward trend.
The survey found over 90 per cent of regulated entities believed APRA’s supervision helped to protect the industry and the Australian community.
However, the survey had picked up a slight downward trend in overall perceptions of APRA, compared to their 2017 survey.
This included concerns about the cost of regulatory compliance, that APRA collected too much statistical data, and had indicated entities were placing less importance on the harmonisation of the prudential framework across regulated industries.
The findings of the biennial survey are from regulated entities as well as “knowledgeable observers” which included auditors, actuaries and industry associations.
Wayne Byres, APRA chair, said: “In the wake of both the Royal Commission and the more recent Capability Review, APRA is taking stock of how it can bring into effect a significant number of recommendations about how we must do more in new areas of risk, without compromising APRA’s primary focus on financial safety and stability.”
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
