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 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
Health insurer, heal thyself: APRA’s prescription for financial ...
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 ... 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 … st nathys vsware
Australia must prepare now for climate-related disasters or pay …
WebJan 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 … WebOct 14, 2024 · In a speech on Wednesday, Geoff Summerhayes, ... Summerhayes said Apra was concerned general insurance could become unaffordable or unavailable in parts of the country. ... 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. st nathys college crest