covid 19
… 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 …
… 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 …
… 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 …
… 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 …
… 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, …
… 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 …
… 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 …
… 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 …
… Council of Financial Regulators, COVID-19 Media enquiries Contact APRA Media Unit, on +61 2 …
… This consultation was paused in response to COVID-19. The consultation letter is available on the APRA …
… 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 …
… 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 …
… 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 …
… on 23 March this year in response to the impact of COVID-19. The consultation resumes today and will last for …
… key policy reforms, as well as managing the impacts of COVID-19. The letter outlining APRA’s updated policy …
… 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 …
… 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 …
… 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 …
… 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 …
… been updated to account for the substantial impact of the COVID-19 pandemic. APRA’s Corporate Plan continues to be …