APRA releases response to submissions on Reporting Standard ARS 220.0 Credit Exposures and Provisions
The Australian Prudential Regulation Authority (APRA) has released a response letter to submissions on the draft Reporting Standard ARS 220.0 Credit Exposures and Provisions (ARS 220.0).
APRA's response to submissions can be found at: Proposed revisions to the credit risk management 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.