The Australian Prudential Regulation Authority (APRA) has released a letter to all authorised deposit-taking institutions (ADIs) to advise of an interim change to the capital treatment of new or additional equity investments in banking and insurance subsidiaries.
The letter is available on the APRA website at: Interim capital treatment of new or additional equity investments in banking and insurance subsidiaries.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.