regulators

Opinion

Gerard Noonan editorial

Some people love change. Many resist change as an unwelcome reshaping of their pleasant personal landscape. Others reckon you have to wrestle with it, even if you don’t like it. They make the most of their efforts to improve things. Put me in the first and third categories. We groan and grumble that governments and […]
Custody

The great data challenge

The challenge: combine investment data with member-specific details and present the particular information in a way that satisfies the needs of regulators, internal auditors and accountants. Currently, super funds have to collect around 900 data items on a regular basis to satisfy the needs of the Australian Prudential Regulation Authority (APRA). With effect from July, […]
Custody

Indepth investment information required

Acting chief executive of Media Super, Michael Rooney, is frustrated by the lack of data transparency of some of its service providers as the fund takes greater control of risk monitoring. Rooney says the fund is in the process of obtaining more indepth investment information for its annual reports. This is part of a two-phase […]
Investment Strategy

Sim Corp: transparency pressures building

Pressure from regulators and investors on asset-management companies to improve the transparency of their reporting will only increase, says Peter Hertel, an executive at financial software company Sim Corp. “There is pressure to provide information to investors as if they have invested directly,” says Hertel. Many investors, including Australian superannuation funds, invest in pooled groups […]
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