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