APRA releases finalised reporting standard for ARS 115.0 Capital Adequacy
The Australian Prudential Regulation Authority (APRA) has released a response letter to submissions on changes to ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk (ARS 115.0).
The response letter, and clean and marked-up versions of the finalised reporting standard, are available on the APRA website at: Revisions to the capital framework for authorised deposit-taking institutions.
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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.