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Status: Pending
TBC

Offshore reinsurers and the review of prudential standard LPS 117 Capital adequacy: Asset concentration risk charge

March 2022

On 8 March 2022, APRA released finalised revisions to Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge (LPS 117). The accompanying response paper sets out APRA’s response to industry feedback on the consultation in April 2021. 

APRA also released draft AASB 17 and LAGIC update proposals for LPS 117, and draft consequential amendments to Prudential Standard LPS 114 Capital Adequacy: Asset Risk Charge and Reporting Standard LRS 117 Capital Adequacy Asset Concentration Risk Charge. Written submissions are requested by 29 April 2022. 

The response paper, draft prudential and reporting standards and non-confidential submissions to the initial consultation can be found below: 

Response paper

Published 8 March 2022

Draft prudential standards

Published 8 March 2022
Published 8 March 2022
Published 8 March 2022
Published 8 March 2022

Draft reporting standard

Published 8 March 2022

Non-confidential submissions

 

Published 8 March 2022

Published 8 March 2022

Published 8 March 2022

Published 8 March 2022

Published 8 March 2022

April 2021

On 8 April 2021, APRA released a draft of the revised Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge for consultation. The accompanying response paper sets out APRA’s response to industry feedback on the initial consultation in March 2019.

Written submissions are requested by 25 June 2021. 

The response paper, draft prudential standard and non-confidential submissions to the initial consultation can be found below: 

Response paper

Published 8 April 2021

Draft prudential standard

Published 8 April 2021

Published 8 April 2021

Non-confidential submissions

Published 8 April 2021

Published 8 April 2021

Published 8 April 2021

Published 8 April 2021

Published 8 April 2021

March 2019

The March letter sets out APRA’s position on offshore reinsurers, provides a high-level outline of the options for revising Prudential Standard LPS 117 Capital adequacy: Asset concentration risk charge, and requests feedback from interested stakeholders.

Submissions are requested by 10 May 2019.

Letter

December 2017

Letter

Note on submissions

It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.