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APRA engages Corporate Governance Int on top 20 institutions.
(From AAP News)
SYDNEY, Oct 22 AAP - The Australian financial services regulator said today it had engaged a private company to provide analysis on around 20 large institutions which would strengthen its surveillance. The Australian Prudential Regulation Authority (APRA) said it had engaged Corporate Governance International Pty Ltd (CGI) to provide rating and analysis of large regulated banks, insurance companies and fund managers that are listed on the Australian Stock Exchange (ASX). "These entities collectively manage about half of the $1.5 trillion in funds regulated by APRA," executive general manager policy, research and consulting Charles Littrell said. …
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