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 …
Frequently asked questions for superannuation entities
… asked questions Superannuation trustees' response to COVID-19 - frequently asked questions Superannuation …
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 …
Letter to all insurers: Capital management
… As the industry moves beyond the initial phase of the COVID-19 response, APRA is today providing updated guidance … supervisor. Yours sincerely, Wayne Byres Chair COVID-19 … Letter to all insurers: Capital management …
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 …
Capital management
… during this period of significant disruption caused by COVID-19. APRA has made recent adjustments to regulatory … Private Health insurers, including foreign subsidiaries. COVID-19, 2020 … Capital management …
Introduction from Renée Roberts
… entities have responded well to the impacts of COVID-19, and Australia’s financial system remains in sound … are protected. With our policy agenda now out of the COVID-related deep freeze, we are once again focused on … loan repayment deferrals granted to borrowers impacted by COVID-19. We examine the importance of a good skills matrix …
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’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 …
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 …