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
BIS Report Discusses Regulatory Issues Related to Big Techs in FinanceBIS has pre-released a chapter of the BIS Annual Economic Report; this chapter focuses on the risks and opportunities presented by large technology firms (big techs) in the financial services sector.
June 23, 2019
WebPage
Regulatory News
|
|
News
IOSCO Report Examines Liquidity in Corporate Bond MarketsIOSCO published a report that examines the factors affecting liquidity, under stressed conditions, in the secondary corporate bond markets.
June 21, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Third Update for June 2019Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published one answer regarding the calculation of institution-specific countercyclical capital buffer rates.
June 21, 2019
WebPage
Regulatory News
|
|
News
HKMA Publishes Banking Exposure Limits Code Under Banking OrdinanceHKMA issued a circular to all authorized institutions informing that the Banking (Exposure Limits) Code has been published in the Gazette on June 21, 2019.
June 21, 2019
WebPage
Regulatory News
|
|
News
BCBS Report Examines Global Pillar 2 Supervisory Review PracticesBCBS published a report that examines the Pillar 2 supervisory review practices and approaches in Basel member jurisdictions.
June 21, 2019
WebPage
Regulatory News
|
|
News
FED Publishes Results of the 2019 Stress Tests for BanksFED published a report presenting results of the Dodd-Frank Act Stress Test (DFAST) exercise for 2019.
June 21, 2019
WebPage
Regulatory News
|
|
News
IASB Publishes Work Plan and Meeting Updates for June 2019IASB published an updated work plan and a summary of its June meeting, which presents preliminary decisions of the Board.
June 21, 2019
WebPage
Regulatory News
|
|
News
OSFI Proposes Guideline on Internal Model Oversight for InsurersOSFI proposed the draft guideline E-25 on the internal model oversight framework for federally regulated property and casualty (P&C) insurance companies.
June 21, 2019
WebPage
Regulatory News
|
|
News
BCBS Publishes Summary of the Meeting in June 2019BCBS published a summary of its June meeting in Basel.
June 20, 2019
WebPage
Regulatory News
|
|
News
OCC Bulletin on Risk Management Guidance for Home Mortgage LendingOCC published Bulletin 2019-28 on risk management guidance for higher-loan-to-value (LTV) lending activities in communities targeted for revitalization.
June 19, 2019
WebPage
Regulatory News
|
