Events listed in [APRA] Australian Prudential Regulation Authority
APRA maintains current macroprudential policy settings
ID 26065
APRA has decided to maintain its current macroprudential policy framework, retaining the mortgage serviceability buffer at 3 percentage points and the countercyclical capital buffer at 1% of risk-weighted assets. The decision reflects APRA’s commitment to ongoing review, allowing adjustments to respond to emerging economic and financial risks or to support the economy as necessary. As a reminder, **APRA’s macroprudential policy’s objective is to mitigate ...
Cyber security stocktake exposes gaps
ID 24038
An expansive study conducted by the APRA on cyber resilience in financial services reveals concerning gaps in cyber security across the industry. Major data breaches affecting some of the world’s largest brands and the increase in sophisticated cybercrime incidents have raised the need to strengthen cyber security measures. APRA is targeting areas of non-compliance to mitigate the risks posed by cyberattacks to institutions and ...
APRA publishes assessment of macroprudential settings
ID 22045
The Australian Prudential Regulation Authority (APRA) has released an update on its assessment of macroprudential policy settings. The purpose of macroprudential policy is to mitigate risks to financial stability at a system-wide level, aimed at addressing risks to the financial system as a whole, rather than just focusing on individual institutions. APRA published a Macroprudential Policy Framework in 2021, which detailed the objectives, toolkit, ...
APRA phases out aggregate Committed Liquidity Facility
ID 21388
On 9 January 2023, Australian Prudential Regulation Authority (APRA) published a letter, informing that the Committed Liquidity Facility (CLF) was fully phased-out. Indeed, since January 2015, those incorporated authorised deposit-taking institutions (ADIs) to which APRA applies the Basel III liquidity standards, have been required to hold high-quality liquid assets (HQLA) sufficient to withstand a 30-day period of stress under the liquidity coverage ratio (LCR) ...
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