APRA publishes new FAQs on capital treatment of overseas deposit-taking and insurance subsidiaries
The Australian Prudential Regulation Authority (APRA) has published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in overseas deposit-taking and insurance subsidiaries.
The FAQs are relevant to authorised deposit-taking institutions (ADIs) that hold these investments via holding companies and confirm that ADIs can use the indirect equity investment provisions in Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111) to determine the capital treatment for these exposures.
The FAQs are available on the APRA website at: Capital treatment of investments in overseas deposit-taking and insurance subsidiaries - Frequently asked questions.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.