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The Australian Prudential Regulation Authority (APRA) today released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the March 2019 quarter.

The Australian Prudential Regulation Authority (APRA) has released its Quarterly General Insurance Performance Statistics and Quarterly General Insurance Institution-level Statistics publications for the March 2019 quarter.
 

The Australian Prudential Regulation Authority (APRA) has today released a report analysing the self-assessments carried out by 36 of the country’s largest banks, insurers and superannuation licensees in response to the Final Report of the Prudential Inquiry into Commonwealth Bank of Australia (CBA).

The Australian Prudential Regulation Authority (APRA) has issued directions to companies within the IOOF group, using for the first time the broader directions powers under the Superannuation Industry (Supervision) Act 1993 (SIS Act) that were granted by parliament in April 2019.

The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance publications for the March 2019 quarter.

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.

The Australian Prudential Regulation Authority (APRA) has granted Societe Generale a licence to operate as a foreign authorised deposit-taking institution (ADI) under the Banking Act 1959.

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.

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