covid 19
Proposed changes to ARS 210.0 Liquidity - response to submissions
… risk in response to conditions resulting from the COVID-19 pandemic. In September 2020, APRA released an …
Proposed changes to modernised Economic and Financial Statistics (EFS) reporting standards and guidance
… 3 Changes to reporting obligations in response to COVID-19 Appendix A: List of all changes to reporting … 35 calendar days. ARS 730.1 Updated commencement date post COVID-19 letter ARS 741.0 Added cells in items 2.1.7 and …
APRA’s reinsurance requirements and the use of insurance linked securities
… natural catastrophes, the war in Ukraine, and the COVID-19 pandemic. As a result, higher premiums and increased …
Consultation on revisions to the new Prudential Standard APS 220 Credit Risk Management
… from 1 January 2021. However, with the onset of COVID-19, APRA delayed implementation by 12 months. 2 In …
APRA and ASIC host Superannuation CEO Roundtables – June and July 2024
… practices against good external practices was discussed. COVID-19 early releases have highlighted the need for a focus …
Opening statement for Senate Economics Legislation Committee - March 2021
… measures APRA undertook to respond to the effects of the COVID-19 pandemic and ensure the Australian financial system …
Executive Board Member Geoff Summerhayes - Speech to Australian Business Roundtable for Disaster Resilience and Safer Communities webinar
… disaster-prone parts of the country. As the severity of COVID-19 became apparent, the ICA cancelled its event, and … and well-prepared to absorb and bounce back, even taking COVID-19 into account. But that resilience would be … greatest challenge the world has faced in responding to COVID-19 is that none of us have experienced a pandemic …
APRA Member Margaret Cole - Speech to the Financial Services Council Policy Briefing
… front. These labour shortages, caused by ongoing waves of COVID and other sickness, are testing our resilience and … over recent years, ranging from severe flooding to new COVID-19 variants and the economic impacts of war in Europe …
APRA Executive Board Member Suzanne Smith – Speech to the Members Health Directors’ Professional Development Program
… supporting and challenging forces since we’ve emerged from COVID. On the supportive side: More people have signed up for … are longer-term issues that were suppressed as a result of COVID, but certainly haven’t gone away. One key issue is that …
Opening statement for House of Representatives Standing Committee on Economics - September 2021
… institutions seeking to raise new capital. During the COVID period, for example, a number of capital raisings were …
Opening Statement to Senate Economics Legislation Committee - February 2023
… operational resilience – a critical lesson from COVID-19. bolstering cyber security across the sector, the …
APRA information papers
… KB Published 18 December 2020 Stress testing banks during COVID-19 PDF 1.12 MB Published 15 December 2020 Information …
Opening Statement to Senate Economics Legislation Committee - June 2021
… against the on-going uncertainty and disruption that COVID-19 is creating. All of this means APRA will need to …
Preparation for LIBOR transition ‘Dear CEO’ letter feedback
… addressed. It is recognised that disruptions from the COVID-19 outbreak may affect the timing of some aspects of …
APRA Deputy Chair Helen Rowell - Speech to the Risk Australia 2022 conference
… risks; they are facing unanticipated risks, such as COVID-19 in its many iterations, and rapidly evolving risks, … with business interruption insurance. Following the COVID-19 related lockdowns and disruptions, general insurers …
APRA Chair Wayne Byres - Speech to the Financial Review Banking Summit 2022
… That was never more evident than in the depths of the COVID crisis when many Australian companies – including banks … their savings to assist with the financial strains from COVID, Australian superannuation funds were key investors in … marketplace for financial services. As we saw during the COVID period, the community will be best served by strong …
Final individual disability income insurance sustainability measures
… of the IDII capital charge have been delayed owing to COVID-19. While the challenges from COVID-19 remain, IDII is a significant concern and is likely … its IDII capital charge in December 2019. As a result of COVID-19, implementation of these charges was deferred and …
APRA Explains: Liquidity in banking
… to pay claims – sometimes at short notice (such as the COVID-19 temporary early release of superannuation scheme, or …
Implementation of Your Future, Your Super reforms
… Increased member switching during the early stages of the COVID-19 pandemic, together with the early release of …
APRA Chair Wayne Byres - Speech to RMA Australia CRO Conference
… of the industry; pandemic-related disruption from COVID-19; climate-related disruption that is growing in … and of increasing prominence: operational risk. COVID-19 certainly drew sharp attention to the issue. At …