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In a letter to ADIs issued today, APRA has proposed removing its guidance that ADIs should assess whether borrowers can afford their repayment obligations using a minimum interest rate of at least 7 per cent. Instead, ADIs would be permitted to review and set their own minimum interest rate floor for use in serviceability assessments.

LIBOR (London Interbank Offered Rate) is deeply embedded in financial markets globally and is used by many Australian financial institutions in their contracts and business processes. The UK Financial Conduct Authority (FCA) has stated that it will no longer use its powers to sustain LIBOR beyond 2021.

The Australian Prudential Regulatory Authority (APRA) has called on the life insurance industry to urgently address concerns about the sustainability of individual disability income insurance.

A review of the Australian Prudential Regulation Authority’s (APRA’s) superannuation prudential framework has found it met its original objectives but must keep evolving to ensure members’ interests are protected.

The Australian Prudential Regulation Authority (APRA) has commenced consultation on an updated prudential standard requiring registrable superannuation entity (RSE) licensees to assess the outcomes they are delivering for members.

The Australian Prudential Regulation Authority (APRA) has granted Judo Bank Pty Ltd a licence to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959.

The Australian Prudential Regulation Authority (APRA) has released details on the future role and use of enforcement activities in achieving its prudential objectives.

The Australian Prudential Regulation Authority (APRA) has welcomed the passage of legislation granting it stronger powers to take action against the trustees of underperforming superannuation funds.

The Australian Prudential Regulation Authority (APRA) has begun a consultation on draft rules that give clarity to owners of new entrant financial sector companies on whether they are likely to be approved under the Financial Sector (Shareholdings) Act 1998 (FSSA).


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