The revised prudential standard enhances board oversight of credit risk and requires more intensive credit checks on borrowers. APRA also highlights the risks of P2P originated loans.
AASB 9, APRA, APS 220, asset classification, BCBS, Board Oversight, Collateral, Credit Quality, credit risk management, credit risk monitoring, credit standards, Due diligence, Lending, loan origination, loan quality, P2P lenders, Provisioning, requiring, risk profiles, Royal Commission, Valuation