APRA publishes updated FAQ for ADIs on Coronavirus SME Guarantee Scheme and SME Recovery Loan Scheme
The Australian Prudential Regulation Authority (APRA) has updated a frequently asked question (FAQ) for authorised deposit-taking institutions (ADIs) on the credit risk capital treatment of loans covered by the Coronavirus SME Guarantee Scheme and the SME Recovery Loan Scheme.
The FAQ is available on the APRA website at: Banking COVID-19 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.