APRA releases letter to ADIs and final Prudential Practice Guide APG 220 Credit Risk Management
The Australian Prudential Regulation Authority (APRA) has released a letter to authorised deposit-taking institutions (ADIs) and the final Prudential Practice Guide APG 220 Credit Risk Management, to assist ADIs in making prudent lending decisions and meeting their requirements under the new Prudential Standard APS 220 Credit Risk Management.
The letter and guide are available on the APRA website at: Proposed revisions to the credit risk management framework for authorised deposit-taking institutions.
Media enquiries
Contact APRA Media Unit, on +61 2 9210 3636
All other enquiries
For more information contact APRA on 1300 558 849.
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.