The Australian Prudential Regulation Authority (APRA) has released a new set of frequently asked questions (FAQs) for authorised deposit-taking institutions (ADIs) on Prudential Standard APS 220 Credit Risk Management (APS 220).
The FAQs page published today provides information to assist ADIs to interpret APS 220 and associated reporting standards.
The FAQs are available on the APRA website at: Credit risk management and related reporting standards - frequently asked questions.
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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.