The Australian Prudential Regulation Authority (APRA) has introduced minor changes to its large exposure framework for authorised deposit-taking institutions (ADIs).
Along with the amendments to Prudential Standard APS 221 Large Exposures (APS 221) and Reporting Standard ARS 221.0 (ARS 221.0), APRA is releasing a second set of frequently asked questions (FAQs) aimed at helping ADIs implement this framework.
The revised APS 221 and ARS 221.0 can be found at: Prudential and Reporting Standards for Authorised deposit-taking institutions.
The FAQs, the letter to industry and marked up versions of APS 221 and ARS 221.0 can also be found on the APRA website.
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 approximately $6.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.