POWERED BY MOMENTUM MEDIA
NAB continues dialogue with APRA on reporting
NAB Asset Services is continuing to engage with the Australian Prudential Regulation Authority (APRA) via the Australian Custodial Services Association (ACSA) Stronger Super Taskforce with regards to the implications and clarification of the new reporting regime.
The first wave of APRA reporting required custodians to provide reports to their clients encompassing statements of financial position and performance, investments and investment flows and asset allocation.
NAB said it had been engaging "deeply" with its clients in the proceeding nine months ahead of the delivery of the current APRA reporting requirements, with the engagement to continue until all future reports are fully developed and finalised.
"NAB will play an important role in helping to ensure RSE's are engaged with their fund managers, notifying them of their requirements to provide look-through data and have oversight across the quality of data that fund managers provide in order to meet APRA requirements," said Christine Bartlett, executive general manager for asset servicing, wholesale banking at NAB.
"We will also be working collaboratively with APRA to ensure a pragmatic approach to collating data that meets the disclosure requirements," Bartlett added.
"We are seeing prudential standards to be a positive differentiator for local custodians, not only in Australia, but around the world."
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
