covid 19
APRA releases quarterly private health insurance statistics for June 2020
… for the private health insurance industry. The impacts of COVID-19 are reflected in both the June quarter 2020 and year … the health and societal measures introduced as a result of COVID-19 1 , and the weaker investment performance caused by the initial COVID-19 driven market volatility contributed to a softer …
APRA Chair Wayne Byres - Opening remarks to FINSIA webinar ‘The Regulators: priorities update’
… event. Before I say a few words about APRA’s response to COVID-19, I want to reiterate the Governor’s comments about … a very important part of Australia’s economic response to COVID-19. A fundamentally strong financial system acts as a shock absorber From APRA’s perspective, critical to our COVID-19 response has been the underlying strength of the …
APRA holds countercyclical capital buffer at zero per cent
… its decision were: the very large economic downturn due to COVID-19; the need for ADIs to use their capital buffers to … to come, through factors including new outbreaks of COVID-19 and the gradual withdrawal of financial assistance … above regulatory requirements, which were built up pre-COVID. APRA has made clear that these buffers are available …
APRA publishes 2020-2024 Corporate Plan
… been updated to account for the substantial impact of the COVID-19 pandemic. APRA’s Corporate Plan continues to be … and Capability Review, as soon as is practicable. However, COVID-19 has necessitated a rescheduling of planned … Byres said the updated plan responded to the impacts of COVID-19 with an appropriate reallocation of resources, …
APRA publishes first data on temporary early release of superannuation scheme
… to benefits paid to members through the Government’s COVID-19 temporary early release of superannuation scheme. … to include fund-level data. The ERI data is available at: COVID-19 - early release of superannuation . COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA updates regulatory approach to loans subject to repayment deferral
… that banks that offered borrowers impacted by the COVID-19 pandemic an option to defer repayments for a period … ongoing support to customers temporarily impacted by COVID-19. This will help to avoid unnecessary hardship and … For more information contact APRA on 1300 558 849. COVID-19 The Australian Prudential Regulation Authority …
APRA issues letter to ADIs on resuming consultation on confidentiality of data
… This consultation was paused in response to COVID-19. The consultation letter is available on the APRA …
Quarterly Statement by the Council of Financial Regulators
… Council of Financial Regulators, COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA rescinds information paper on cloud outsourcing and ceases ad hoc credit reporting collection
… Second, APRA has today ceased the collection of “ARF 923.0 Covid-19 Capital and Credit” with the last submission being … of measures to help banks support customers impacted by COVID-19. The decision was part of APRA’s regular review of …
APRA releases quarterly private health insurance statistics for December 2022
… in order to fulfil their commitments not to profit from COVID-19. Claims costs increased over the period by 1.6 per cent, largely due to the easing of COVID-19 related restrictions in private hospitals throughout …
APRA releases quarterly general insurance statistics for June 2020
… investment income mainly from the negative impact of the COVID-19 pandemic on investments markets in the March … pronounced in the March quarter with the impact of COVID-19 on investment markets. Industry performance since the onset of COVID-19 has been an industry profit of $1.0 billion in the …
APRA announces new commencement dates for prudential and reporting standards
… planned policy and supervision initiatives in response to COVID-19. At the time, APRA foreshadowed it would also … their time and resources on dealing with the impact of COVID-19. The affected standards and their revised … April 2020) < https://www.bis.org/press/p200403a.htm >. COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA releases its policy and supervision priorities for 2021
… to prioritise activities to respond to the impacts of COVID-19. The agenda recommenced in late 2020 at the point … sector, able to support the recovery from the impacts of COVID-19. APRA’s key policy priorities include: finalising … “Given the continued uncertainly generated by COVID-19, APRA’s proposed policy and supervision agenda for …
APRA releases updated schedule of policy priorities for 2021
… key policy reforms, as well as managing the impacts of COVID-19. The letter outlining APRA’s updated policy …
APRA resumes consultation period on data confidentiality for general and life insurers
… on 23 March this year in response to the impact of COVID-19. The consultation resumes today and will last for …
APRA adjusts bank capital expectations
… in 2017 during the period of disruption caused by COVID-19. APRA Chair Wayne Byres said: “APRA has been … above minimum regulatory requirements,” Mr Byres said. COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA 2020-2024 Corporate Plan
… been updated to account for the substantial impact of the COVID-19 pandemic. APRA’s Corporate Plan continues to be …
APRA releases general insurance statistics for June 2021
… underwriting results were constrained by provisioning for COVID-19 related Business Interruption (BI) claims, and large … although increasing, continuing to be lower than pre-COVID-19 levels. The industry PCA coverage ratio increased …
APRA launches review of insurance risk management frameworks
… Lockdowns and other restrictions associated with COVID-19 have triggered a spate of potential BI claims, with … this. Although the legal disputes around BI cover for some COVID-19 claims have yet to be fully resolved, the fact that …
APRA Insight - Issue Four 2020
… Scheme: Insights from APRA’s Pandemic Data Collection The COVID-19 Pandemic Data Collection was launched in June, and … repayment deferral data: Shining a light on credit risk COVID-19 has seen banks grant temporary loan repayment …