Geoff summerhayes apra

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August undefined, 2024

WebGeoff Summerhayes Executive Board Member Australian Prudential Regulation Authority (APRA) Contact options for Geoff Summerhayes A purpose and values-driven leader who has made significant contributions in a breadth of economic sectors including property and the built environment, wealth management, banking, insurance and now in prudential ... WebApr 1, 2024 · The growing divide was so concerning to Apra, its executive board member Geoff Summerhayes gave a stark warning in a speech last October. ... what Summerhayes was describing was already a fact of ...

Top APRA official in royal commission firing line - The Sydney …

WebGeoff Summerhayes, APRA Executive Member, said in that speech: if entities’ internal risk management processes are not starting to include climate risk as something that has to be considered – even if risks are ultimately judged to be minimal or manageable – that seems a pretty reasonable indicator there might be something wrong with the ... WebNov 27, 2024 · In a speech to the Financial Services Assurance Forum yesterday, Geoff Summerhayes, executive board member of APRA said the new strategy seeks to safeguard an increasingly connected network of ... scientist outfit gacha club

Former APRA board member Geoff Summerhayes joins …

WebFeb 3, 2024 · 3 February 2024: Zurich Australia & New Zealand has today announced the appointment of Geoff Summerhayes to Zurich’s suite of Boards commencing immediately. A former financial services CEO, director and APRA Executive Board Member, Geoff joins five of Zurich’s main APRA-regulated Boards as an Independent Non-Executive Director … WebFeb 17, 2024 · Summerhayes said Apra wanted companies to start incorporating sophisticated “scenario-based analysis” of climate risks into their business outlooks. He said Apra intended to start running ... WebDec 2, 2024 · In his address to the Financial Services Assurance Forum, APRA Executive member Geoff Summerhayes outlined the key points of APRA's new Cyber Security Strategy for 2024 to 2024. praxis otto moormerland

Geoff Summerhayes to leave APRA - Australian Financial …

Businesses that ignore climate change could face

WebSep 17, 2024 · News. Geoff Summerhayes, former APRA executive, concedes that while the short-term nature of the Your Future Your Super (YFYS) test is a “challenge” for ESG investment, climate change is a mega-trend that demands more attention. One of the main frustrations around the YFYS performance test has been that climate change does not … WebSep 7, 2024 · Geoff Summerhayes' record while a top executive at Suncorp is under the microscope amid questions about the regulator's approach to enforcement. Top APRA official in royal commission firing line scientist pavlov crossword clueWebJan 12, 2024 · Overview. In his address to the Financial Services Assurance Forum, APRA Executive member Geoff Summerhayes outlined the key points of APRA's new Cyber Security Strategy for 2024 to 2024.In doing so, Mr Summerhayes emphasised APRA's expectation that firms prioritise cybersecurity, starting with ensuring their full compliance … scientist opinion on covid

"WebMay 10, 2024 · The prudential regulator’s head of insurance Geoff Summerhayes said climate change risks will soon be central to all financial decisions made by APRA-regulated entities. “In the future there will not be sustainable finance and other finance, all finance will need to be sustainable. " - Geoff summerhayes apra

Geoff summerhayes apra

Zurich Australia & New Zealand announces new Board …

WebA global response. Last month marked four years since former APRA Member Geoff Summerhayes gave APRA’s first speech on climate risk, declaring that climate-related risks were distinctly financial in nature, and that these risks were “foreseeable, material and actionable now”. That view has since been reinforced by Australia’s other ... WebFeb 24, 2024 · APRA executive member Geoff Summerhayes: financial institutions will have to estimate the impacts of a changing climate, including extreme weather events, on balance sheets. Chris Pavlich

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WebFeb 20, 2024 · In a speech at the Insurance Council of Australia’s annual forum – the first major speech APRA has given on climate change – APRA executive board member Geoff Summerhayes said APRA was putting itself on the “front foot” in regards to climate change preparedness, and could soon introduce climate change “stress testing” of financial ... WebJun 21, 2024 · Senior APRA official Geoff Summerhayes says it is clear that climate change financial risks are now "orthodox economic thinking" Mr Summerhayes says "government spending decisions may need to be ...

WebFeb 17, 2024 · Geoff Summerhayes, an executive board member of the Australian Prudential Regulation Authority (APRA), revealed in a speech yesterday that APRA now views climate change as a 'here and now' risk. WebFeb 4, 2024 · There are currently 37 health insurers but Apra forecasts that, if benefit costs continue to increase by 5% a year and premiums by 3% a year, by March 2024 only three big for-profit funds will ...

WebAccording to APRA Executive Board Member Geoff Summerhayes, this new APRA standard comes off the back of an increasing number of cyber breaches among Australian businesses. CPS 234 is meant to outline to Australian businesses the minimum standards necessary for managing information security, placing the ultimate responsibility for … WebFeb 7, 2024 · APRA has released a wide-ranging speech on private health insurance delivered by Geoff Summerhayes to the Members Health Fund Alliance in Sydney. In ‘Health insurer, heal thyself: APRA’s ...

WebFeb 17, 2024 · Geoff Summerhayes says APRA will keep a close eye on climate change risks. Photo: Jessica Hromas It also expects big companies to carefully consider these risks, and warned that company directors ... scientist pants made with four legsWebJul 3, 2024 · Geoff Summerhayes is a senior advisor at pollination, and former executive board member of the Australian Prudential Regulation Authority (Apra). Laura Waterford is an environmental lawyer and ... scientist on youtubeWebAug 19, 2024 · Geoff Summerhayes, Senior Advisor, Pollination, former executive board member, Australian Prudential Regulation Authority Duration: 28min 35sec Broadcast: Thu 19 Aug 2024, 5:30pm praxis overathWebSep 7, 2024 · Geoff Summerhayes' record while a top executive at Suncorp is under the microscope amid questions about the regulator's approach to enforcement. Top APRA official in royal commission firing line praxis ottersbergWebBy introducing CPS 234, APRA aims to ensure all regulated entities develop and maintain information security capabilities that reflect the importance of the data they hold, and the significance of the threats they face.” ‍ – Geoff Summerhayes (Executive Board Member APRA) Summerhayes goes on to state that, should the worst case scenario ... scientist paralyzedWebDec 12, 2024 · I, Geoff Summerhayes, delegate of APRA: (a) under subsection 11AF(1) of the Banking Act 1959, DETERMINE Prudential Standard CPS 234 Information Security in the form set out in the Schedule, which applies to all ADIs and authorised banking NOHCs; (b) under subsection 32(1) of the Insurance Act 1973 DETERMINE Prudential Standard … praxis otto aachenWebApr 29, 2024 · Chanticleer. Former APRA board member joins Pollination. Geoff Summerhayes has joined the climate change advisory business Pollination at the same time as it launches a new fundraising round to ... scientist pavlov crossword