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Media releases

The Australian Prudential Regulation Authority (APRA) has today released Prudential Standard APS 910 Financial Claims Scheme (APS 910) that implements some of the operational requirements of the Financial Claims Scheme (FCS) for authorised deposit-taking institutions (ADIs).

The FCS was established in October 2008. It is designed to protect depositors (up to a defined amount) and to provide them with timely access to their deposits in the event that their ADI becomes insolvent and is declared to be subject to the FCS.

The Australian Prudential Regulation Authority (APRA) has today released a response paper and 14 draft prudential standards in a third round of consultation on its review of capital standards for general and life insurers. The aims of the review include improving the risk-sensitivity of the capital standards and achieving better alignment of these standards across APRA-regulated industries.

The Australian Prudential Regulation Authority (APRA) today announced two new senior appointments to the positions of Executive General Manager of the Diversified Institutions Division and Executive General Manager of the Supervisory Support Division.

The current Executive General Manager of the Supervisory Support Division, Keith Chapman, has been appointed to the role of Executive General Manager of the Diversified Institutions Division. He replaces Wayne Byres who was recently appointed Secretary General of the Basel Committee on Banking Supervision in Switzerland.

The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper outlining its proposed implementation of the Basel III liquidity reforms in Australia.

The discussion paper and draft Prudential Standard APS 210 Liquidity (APS 210) incorporate the Basel III liquidity reforms released by the Basel Committee on Banking Supervision in December 2010 and enhanced qualitative requirements outlined in the Basel Committee’s Principles for Sound Liquidity Risk Management and Supervision released in September 2008.

The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper outlining its proposals to introduce a new prudential standard for authorised deposit-taking institutions (ADIs) that issue covered bonds. The discussion paper is accompanied by a draft of Prudential Standard APS 121 Covered bonds (APS 121).

The Australian Prudential Regulation Authority (APRA) today released the results of research into investment in illiquid assets by large APRA-regulated superannuation funds.

The research, released in the APRA Working Paper Risk and return of illiquid investments: A trade-off for superannuation funds offering transferable accounts, examines investments in illiquid assets and the subsequent impact on portfolio performance. Illiquid assets include directly held property, unlisted property trusts, infrastructure investments, private equity and hedge funds.

The Basel Committee on Banking Supervision, the global standard-setting body for banking regulation, has today announced that Mr Wayne Byres, APRA’s Executive General Manager, Diversified Institutions Division, has been appointed to the position of Secretary General.

The Australian Prudential Regulation Authority (APRA) has today released the final package relating to refinements to the prudential and reporting standards for general insurance groups.

The refinements to the prudential framework address minor issues identified since the implementation of APRA’s prudential framework for the supervision of general insurance groups in 2009. Refinements to the reporting framework align aspects of general insurance group reporting with the reporting framework for individual APRA-authorised general insurers.

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