The Australian Prudential Regulation Authority (APRA) has published a new frequently asked question (FAQ) for authorised deposit-taking institutions (ADIs) on the measurement of credit risk weighted assets relating to insurance stand-by letters of credit.
The FAQ is available on the APRA website at: Measurement of credit risk weighted assets - 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.
