covid 19
APRA releases quarterly private health insurance statistics for March 2021
… concessions provided to policyholders in response to the COVID-19 pandemic. The industry reported higher investment … earnings in the year to 31 March 2021, following the COVID-19 induced shock to investment markets in the March … episodes declined in the quarter and remain below pre-COVID levels while the number of ancillary services at the …
APRA postpones implementation of reporting standard on private health insurance reforms data collection
… (PHIs) to focus their resources on handling the impacts of COVID-19. Implementation of the new reporting standard, … implementation and further changes . Data collection, COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
Is IDII back on track?
… profit turnaround: bond yields, repricing and releases of COVID-19 reserves. Bond yields Chart 2: Australian Daily … impacting liabilities and therefore profits, such as COVID-19 reserve releases and repricing. The overall impact … over the long term than the pre-intervention products. COVID-19 reserves During the early stages of the pandemic, …
APRA updates guidance on capital management for banks and insurers
… institutions continue to manage the disruption caused by COVID-19. APRA’s updated guidance replaces its recommendation … economy and financial institutions are being impacted by COVID-19. On that basis, APRA believes that banks and … to regulatory concessions), greater financial impact from COVID-19, and restrictions on dividends from their New …
APRA General Manager, Advice and Approvals, Peter Kohlhagen - Speech to 19th Annual Health Insurance Summit
… Print Email Health check: APRA's view of the impact of COVID-19 on private health insurers Good morning everyone, … industry over time and how that has evolved as a result of COVID-19. The private health insurance system is heavily … For people around the world, the emergence of COVID-19 has been a defining event and has divided our …
APRA Chair Wayne Byres - Remarks to the BCBS outreach meeting on operational resilience
… Print Email Some lessons on operational resilience from COVID-19 Good morning, good afternoon and good evening to … for. Against that backdrop, today’s event is very welcome. COVID-19 has been a very real test of banks’ operational … issue is the reliance on third party service providers. COVID 19 has highlighted vulnerabilities created by key …
APRA releases general insurance statistics for March 2020
… falls in investment income mainly from the impacts of COVID-19. Another key driver of the decrease in underwriting … pronounced in the March quarter 2020 due to the impact of COVID-19 on the investment markets. Investment income fell … in the March quarter with the adverse impact of COVID-19 on the investment markets. Despite the impact of …
APRA's 2021 Supervision and Policy Priorities
… 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. The complete media release related to these …
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 releases latest biennial stakeholder survey
… banking, insurance and superannuation industries during COVID-19. APRA today released the findings of its biennial … effectively communicated its changing expectations during COVID-19, while 87 per cent agree that APRA’s policy … that we are doing and the actions we have taken during COVID-19. “The stakeholder survey also helps to identify …
Consultation on further changes to PHI reforms data collection
… allow PHIs to devote resources to handling the impacts of COVID-19 . APRA paused the implementation of HRS 605.0 with … - marked up PDF 253.31 KB Published 24 September 2020 COVID-19 …
Frequently asked questions for authorised deposit-taking institutions
… with Related Entities – frequently asked questions Banking COVID-19 - frequently asked questions Calculation of credit …
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 …
Frequently asked questions for superannuation entities
… asked questions Superannuation trustees' response to COVID-19 - frequently asked questions Superannuation …
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’s loan repayment deferral data: Shining a light on credit risk
… that had been granted temporary repayment deferrals due to COVID-19. Essentially, APRA allowed banks and other … being available to be utilised in times of crisis. COVID-19 was such a time. Nevertheless, to provide … source of flexibility and support to borrowers impacted by COVID-19 – also represent a key area of risk to Australia’s …
The changing shape of APRA
… McCarthy-Hockey, is now heavily focused on responding to COVID-19. The division has set up intensive monitoring … liquidity and operational resilience. “Responding to COVID-19 has helped to fast-track the consolidation of the … of 2019 was a significant milestone for the division. The COVID-19 crisis has sharpened the team’s focus on member …