mortgage regulation
A message from APRA Executive Director Sean Carmody
… industries: Banking – making hardship allowances for mortgage and small business customers, and working through … contact APRA on 1300 558 849 . The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Proposed changes to quarterly ADI statistical publications
… period, including Reporting Standard ARS 223.0 Residential Mortgage Lending and Reporting Standard ARS 230.0 Commercial …
Revisions to the ADI capital framework: Interim reporting standards for consultation and parallel run expectations
… (ARS 221.0); and Reporting Standard ARS 223.0 Residential Mortgage Lending (ARS 223.0). APRA has updated … Complete May use unapproved models and proxies Yes (Except mortgage LGD) No No May use test systems Yes Yes No … Data Analytics and Insights Australian Prudential Regulation Authority Yours sincerely, Alison Bliss General …
Operational preparedness for zero and negative interest rates
… KB Published 28 October 2021 The Australian Prudential Regulation Authority (APRA) is today releasing its final …
COVID-19: How APRA prepared for and has responded to the coronavirus crisis
… during the coronavirus pandemic? And where does prudential regulation go from here? APRA’s pre-COVID-19 work: pandemic … close attention to certain business lines, particularly mortgage insurance, trade credit and landlord insurance. In … contact APRA on 1300 558 849 . The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
APRA Chair Wayne Byres - Speech to the Australian Business Economists
… On 1 July, APRA turned 20. Two decades of prudential regulation have required APRA to tackle all manner of issues, … banking system. I’ll recap our actions to reinforce sound mortgage lending policies and practices over the past few … maintaining sound lending Let me start with residential mortgage lending standards.[3] APRA has been focused for some …
Consultation on proposed changes to due dates of quarterly reporting for ADIs
… deposit-taking institutions The Australian Prudential Regulation Authority (APRA) has today commenced consultation … – Banks 15 BD – CUBS and other ADIs ARF 223.0 Residential Mortgage Lending Residential mortgage lending 28 CD ARF 226.0 Margining and risk …
Consultation on zero and negative interest rates
… 478.17 KB Published 12 July 2021 The Australian Prudential Regulation Authority (APRA) is today releasing for …
APRA Chair John Lonsdale - Speech to AFR Banking Summit 2023
… system has a particular concentration risk in residential mortgage lending, and so our capital framework is calibrated … no corporate bonds, and no residential or commercial mortgage-backed securities. Removing these assets, which … and superannuation members. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Opening Statement
… to take over responsibilities for the prudential regulation of private health insurance. Let me first discuss … need to maintain sound lending standards in residential mortgage lending. This was done against a backdrop of … to APRA of responsibility for health insurance prudential regulation is scheduled for 1 July this year. APRA has been …
Opening Statement
… APRA is maintaining a strong focus on the quality of new mortgage lending, and measures to reinforce sound lending … the Committee’s questions. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Opening Statement
… governance, culture and accountability. Residential mortgage lending is another area where APRA has been lifting … the Committee’s questions. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Prudential perspectives on the property market
… Guide on sound risk management practices for residential mortgage lending; and we have conducted numerous hypothetical … level, we intend to review capital requirements for mortgage lending as part of our work on establishing … system is resilient to it. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Seeking strength in adversity: Lessons from APRA's 2014 stress test on Australia's largest banks
… of higher interest rates on borrowers’ ability to meet mortgage repayments. Banks typically projected little … estimated an identical underlying loss rate (ie before mortgage insurance) across all mortgage lending LVR buckets. … efficiency even in good times. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
APRA Chair Wayne Byres - Speech to FINSIA 'In conversation with Wayne Byres' event
… of a borrowers’ ability to service not just their mortgage but their aggregate debt levels, and generally … need to work with hardship cases sensibly. But prudential regulation is designed to ensure that downturns can be … Inquiry, the difference was reasonably wide: an average mortgage risk weight of 39 per cent for standardised banks …
Consultation on revisions to the new Prudential Standard APS 220 Credit Risk Management
… APRA may also consult on amendments to APG 223 Residential Mortgage Lending (APG 223) around this time, depending on the … Policy and Advice Division Australian Prudential Regulation Authority Yours sincerely, John Lonsdale … be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt …
Democratising data: APRA’s new approach to quarterly reporting
… restrictions contained within the Australian Prudential Regulation Authority Act 1998 (APRA Act). The proposed … feature new and more detailed statistics on residential mortgage lending, such as additional aggregate data on … ' article, December 2019. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
The Financial Claims Scheme: Protecting depositors and policyholders
… savings and cheque accounts, term deposits and mortgage offset accounts (where the offset account is a … correct at time of publication. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Achieving a stable and competitive financial system
… tasks us to administer laws that provide for prudential regulation of financial institutions. Those laws are the … regulator like APRA was seen as critical to ensuring that regulation did not distort the competitive landscape due to … recommendations. [8] Some – such as Recommendations 2 (mortgage risk weights) and 4 (international capital …
APRA: The year ahead
… crisis by the freezing of a number of managed funds and mortgage trusts. As we did in other industries, APRA has … been attracting close scrutiny from APRA has been lenders mortgage insurers (LMIs), which have significant exposures to … be subject to more rigorous standards of prudential regulation than others? Should hitherto unregulated financial …