covid 19
APRA Chair Wayne Byres - Speech to the 2020 Forum of the Risk Management Association
… events that are high impact, but completely unexpected. COVID-19 is often regarded as such – how often have you heard … scheme. The Reserve Bank intervened early and strongly as COVID-19 took hold to make sure the financial system as a … and coordinated government intervention in response to COVID-19, and (iii) the impact of loan deferrals and similar …
Opening Statement to Senate Economics Legislation Committee - March 2020
… over the summer, and more recently the emergence of COVID 19. Before reverting to more familiar terrain, I would … for APRA has been understanding the potential impact of COVID-19 on the financial system. We have been actively … impact on the financial system of natural disasters and COVID-19, we are not losing sight of these longer-term goals. …
APRA Chair Wayne Byres - Speech to the 2021 AFR Banking Summit
… past 12 months. Early forecasts of the economic impact of COVID-19 were truly dire. They prompted unprecedented levels … wherever it may come. Credit The second C is credit. COVID-19 was inevitably going to produce an increase in … health. Aside from the immediate economic shock from COVID-19, it is also producing longer term structural changes …
A conversation with outgoing APRA Member Geoff Summerhayes
… the situation as ‘serious but stable’. Since then, COVID-19 has created additional challenges for private health … industry? The main challenge is the implications of COVID, many of which are permanent in my view. With the … APRA regulated firms have done remarkably well during COVID. Other sectors of the economy have been laid bare, …
Contingent liquidity: Proposed guidance
… the period of funding market volatility in response to COVID-19, APRA set expectations that MLH ADIs hold higher … Guidance (19 October 2020) . 2 A key lesson from the COVID-19 stress was that most MLH ADIs took longer than …
APRA releases its policy and supervision priorities for 2022
… to focus on ensuring financial stability in the face of COVID-19, APRA’s latest priorities feature a heightened … has demonstrated its resilience throughout the pandemic, COVID-19 has underlined the potential for unexpected shocks …
APRA announces revised implementation approach for APRA Connect
… medium term. APRA notes that the developing outbreak of COVID-19 is creating considerable uncertainty and disruption …
APRA launches new data collection to support Government’s SME Guarantee Scheme
… COVID-19, Data collection Media enquiries Contact APRA Media …
APRA commences new data collection to assess temporary early release of superannuation scheme
… for superannuation entities . Data collection, COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
APRA Deputy Chair Helen Rowell - Speech to AIST 2020 Trustee Forum
… in neither of those two speeches was there any mention of COVID-19. Like most of the world, APRA was aware of the … 515 has only become more critical since the outbreak of COVID-19. The financial and operational challenges created by … entered hibernation earlier this year in response to COVID-19, but re-awakened last month with the release of the …
Technical Working Group Minutes 21 October 2020
… Michael Murphy) Daniel Hunt reflected on the impacts of COVID-19 on both APRA and industry and the significant … most recent need to focus on understanding the impact of COVID-19 crisis on entities. He provided an overview of data …
Guidance on contingent liquidity for locally-incorporated ADIs subject to LCR requirements
… of the liquidity impacts through the early stages of COVID-19, APRA considers that it would be prudent for an ADI …
Second opening statement for House of Representatives Standing Committee on Economics - September 2021
… of “protected today, prepared for tomorrow”. Clearly, COVID-19 remains the dominant influence on the current … reforms, while closely monitoring the ongoing impact of COVID 19 on the financial system. Some of the initiatives … to borrowers impacted by the emergence of widespread COVID-19 lockdowns.. For these banks, APRA is providing …
Myths and misconceptions should be no barrier to super consolidation
… misconceptions should be no barrier to super consolidation COVID-19 has presented challenges for all APRA-regulated … the test over recent months. The short term impact of the COVID-19 crisis will pass, but some of its effects will be … than they may have done to date. The impacts flowing from COVID-19 will be significant for some funds, accelerating …
H.E.S.T. Australia to make payments to members impacted by March 2020 revaluations
… made by HESTA in March 2020, at the beginning of the Covid-19 pandemic. HESTA is the trustee for the HESTA …
APRA advises regulatory approach to RBA Term Funding Facility
… > COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
Contingent liquidity: final guidance
… increased their self-securitised assets quickly during the COVID-19 stress. APRA’s response: Many ADIs increased their … self-securitised assets in a timely manner during the COVID-19 stress. However, there is still a plausible risk of …
HRS 605.0 Private Health Insurance Reform Data Collection - response to submissions on further changes
… allow PHIs to devote resources to handling the impacts of COVID-19 1 . In September 2020 APRA and the Department …
Regulators release feedback on financial institutions’ preparation for LIBOR transition
… LIBOR. The regulators recognise that disruptions from the COVID-19 outbreak may affect the timing of some aspects of …
Accessible version of the Early Release Scheme for 10 May 2020
… 10 May 2020 This dashboard contains the latest data on the COVID-19 Superannuation Early Release Scheme, for the period …