APRA releases findings of post-implementation review of Basel III liquidity reforms
The Australian Prudential Regulation Authority (APRA) has released an information paper to authorised deposit-taking institutions (ADIs) presenting the findings of the post-implementation review (PIR) of the Basel III liquidity reforms.
The review found that the reforms have been effective in strengthening liquidity risk management and the financial resilience of the banking system, and the benefits of regulation have significantly outweighed the associated costs. However, there remain some potential opportunities to improve the efficiency of the prudential framework that will be further explored as part of a review of Prudential Standard APS 210 Liquidity, due to commence in 2023.
The information paper is available on the APRA website at: Post-implementation review of Basel III liquidity reforms.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.