ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.
October 31, 2021The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.
October 28, 2021Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.
October 21, 2021APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.
September 5, 2021APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.
September 1, 2021The guidance APG 220 is published in advance of finalising the standard APS 220, which is contingent on potential changes to consumer credit laws.
August 21, 2021The changes are expected to be effective from 1 January 2022. Implementation of the November 2020 updates to ARS 720.1 will be delayed until then.
August 19, 2021The new approach increases clarity around capital requirements at different stages for new entrants to the banking sector.
August 12, 2021APRA says some requirements associated with unquestionably strong benchmarks will be revised and simplified. A quantitative impact study is being conducted.
July 22, 2021The FAR will not impose civil penalty liability on accountable persons, a shift from the government's position in a January 2020 consultation.
July 20, 2021