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covid 19

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… 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, …

Letter

… 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 …

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… 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 …

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… 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 …

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… 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 …

Letter

… 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 …

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…       Council of Financial Regulators, COVID-19 Media enquiries Contact APRA Media Unit, on  +61 2 …

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… This consultation was paused in response to COVID-19. The consultation letter is available on the APRA …

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… 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 …

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… 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 …

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… 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 …

Letter

… feedback on specific policy consultations and in light of COVID-19, APRA has reprioritised the policy agenda for the … key policy reforms, as well as managing the impacts of COVID-19. For certain prudential standards, the effective …

Letter

… As the industry moves beyond the initial phase of the COVID-19 response, APRA is today providing updated guidance … over the depth and duration of the economic impact from COVID-19, APRA’s objective has been to test the industry’s … their risk appetite given the severity of the scenario.    COVID-19 … Letter to authorised deposit-taking institutions - …

Letter

… As the industry moves beyond the initial phase of the COVID-19 response, APRA is today providing updated guidance … over the depth and duration of the economic impact from COVID-19, APRA’s objective has been to test the industry’s … their risk appetite given the severity of the scenario.  COVID-19 … Capital management …

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… on 23 March this year in response to the impact of COVID-19. The consultation resumes today and will last for …

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… key policy reforms, as well as managing the impacts of COVID-19.   The letter outlining APRA’s updated policy …

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… 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 …

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… Claims growth remained lower than previous years due to COVID-19 restrictions and lockdowns, but increased relative … gross margins for the year and net margins returned to pre-COVID levels. Investment earnings increased materially in the …

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…   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 …

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… 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 …