APRA Conducts Post-Implementation Review of Prudential Framework
APRA published four "short topic" consultation papers, as part of the post-implementation review of the superannuation prudential framework. The consultation papers cover four topic areas addressed in the prudential framework—that is, financial requirements, operational risk, and outsourcing; investments; insurance in superannuation; and member flows and products. APRA is inviting comments on all consultation papers by September 26, 2018.
Earlier, in May 2018, APRA had released the consultation papers on governance and risk management. APRA is undertaking this comprehensive post-implementation review to determine whether the prudential and reporting standards (and related guidance material) have achieved their objectives and remain fit for purpose. The review is not intended to revisit the original policy intent or objectives of the reforms and is not seeking to either weaken or strengthen the prudential framework. Rather, APRA aims to assess whether the prudential framework is operating effectively and efficiently and to identify and address any unintended consequences or areas for improvement in the framework.
Related Links
- Paper on Financial Requirements and Operational Risk (PDF)
- Paper on Investments (PDF)
- Paper on Insurance in Superannuation (PDF)
- Paper on Member Flows and Products (PDF)
- Post-Implementation Review
Comment Due Date: September 26, 2018
Keywords: Asia Pacific, Australia, Banking, Insurance, Securities, Prudential Framework, Post-Implementation Review, APRA
Previous Article
OJK Consults on Periodic Reports to be Submitted by Commercial BanksRelated Articles
|
News
OSFI Publishes Instruction Guide on Solvency Information ReturnOSFI published an instruction guide to assist administrators of pension plans in completing the Solvency Information Return that is required to be filed with OSFI.
January 17, 2020
WebPage
Regulatory News
|
|
News
EU Amends IFRS 9 Rule, Changes Concern Interest Rate Benchmark ReformsEU published Regulation 2020/34 regarding the International Accounting Standard (IAS) 39 and International Financial Reporting Standards (IFRS) 7 and 9.
January 16, 2020
WebPage
Regulatory News
|
|
News
FDIC and OCC Issue Statement on Heightened Cyber Security RiskIn response to the heightened cyber-security risk facing the financial services industry and other critical business sectors, FDIC and OCC issued an interagency statement on heightened cyber-security risk.
January 16, 2020
WebPage
Regulatory News
|
|
News
BCRA Updates Regulation on Capital Requirements and Information RegimeBCRA updated the rules on minimum capital requirements for financial entities and on certain aspects of the information transparency regime for quarterly and annual supervision.
January 16, 2020
WebPage
Regulatory News
|
|
News
BoE and FCA Outline Next Steps for LIBOR Transition in 2020BoE, FCA, and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents that outline the LIBOR transition priorities and milestones for 2020.
January 16, 2020
WebPage
Regulatory News
|
|
News
BIS to Expand Central Bank MembershipBIS is to expand its central bank membership base and to increase collaboration in its work as a forum for international cooperation and as a hub for central banks and other financial authorities.
January 14, 2020
WebPage
Regulatory News
|
|
News
EIOPA Issues Technical Specifications for Market and Credit Risk StudyEIOPA published the technical specifications, including instructions, for the market and credit risk modeling comparative study for year-end 2019.
January 13, 2020
WebPage
Regulatory News
|
|
News
FED Publishes FAQs on Tailoring Rules for BanksFED released a letter announcing the publication of an initial set of frequently asked questions (FAQs) in response to questions from institutions.
January 13, 2020
WebPage
Regulatory News
|
|
News
IA of Hong Kong Publishes Stress Testing Scenarios in Relation to ORSAIA of Hong Kong published the prescribed scenarios for stress and scenario testing to be used by the authorized insurers conducting general insurance business.
January 13, 2020
WebPage
Regulatory News
|
|
News
ISDA Paper Examines Legal Aspects of Smart Contracts Using BlockchainISDA published a paper that discusses legal aspects of smart derivatives contracts that use the distributed ledger technology (DLT), which is also commonly known as the blockchain technology.
January 13, 2020
WebPage
Regulatory News
|
