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APRA issues letter to ADIs following review of treatment of loans impacted by COVID-19

Tuesday 22 September 2020

The Australian Prudential Regulation Authority (APRA) has issued a letter to authorised deposit-taking institutions (ADIs) following a review of ADIs’ comprehensive plans for the assessment and management of loans with repayment deferrals. 

The letter is available on the APRA website at: Review of treatment of loans impacted by COVID-19.

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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.