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APRA releases letter to ADIs and final Prudential Practice Guide APG 220 Credit Risk Management

Thursday 19 August 2021

The Australian Prudential Regulation Authority (APRA) has released a letter to authorised deposit-taking institutions (ADIs) and the final Prudential Practice Guide APG 220 Credit Risk Management, to assist ADIs in making prudent lending decisions and meeting their requirements under the new Prudential Standard APS 220 Credit Risk Management.

The letter and guide are available on the APRA website at: Proposed revisions to the credit risk management framework for authorised deposit-taking institutions.

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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 $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.