Page 2 - Prudential Standard News Today

API vulnerabilities and supply chain failures are the two critical areas that have had their time in the sun for application security.

Australias prudential regulator said on Tuesday it has updated requirements for banks to better manage risks arising from interest rate changes following a consultation in November last year....

Almost nine months on from a cyber breach that saw member data taken, the $14 billion super fund will have to contend with additional licence conditions as it looks to remedy "significant deficiencies" in its cyber controls.

Australia is said to be the fifth most hacked country in the world, with the ACCC estimating . 1 billion was lost to scams in 2022 alone. But what can brokers do to protect their businesses? In th

APRA is updating Prudential Standard Strategic Planning and Member Outcomes (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses.

APRA has found early signs of change in the remuneration practices of financial services entities in a review of how Prudential Standard CPS 511 has been applied.

Law firm provides insight on passing of legislation

Most superannuation funds are appropriately valuing their investments in Canva, according to APRA, which used its high-profile and whipsaw valuation in 2022 to see if they are abiding by its unlisted asset valuation requirements.

Reinsurance challenges persist

APRA will force superannuation funds to provide more details into how they pay executives, particularly wanting deeper insight into how variable remuneration is rewarded.