Oceania & Antarctica

January 18, 2021

Australia: New FAQ on Measurement of Credit Risk-Weighted Assets

The Australian Prudential Regulation Authority has published a new frequently asked question (FAQ) on how authorized deposit-taking institutions are to measure credit risk-weighted assets relating to insurance stand-by letters of credit.   The FAQ addresses appropriate credit conversion factor to be used in determining the regulatory capital of insurance stand-by
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January 17, 2021

Data Breach Investigation: Reserve Bank of New Zealand reiterates its full commitment

The Reserve Bank of New Zealand (Bank) has assured a recent data breach is receiving its full attention.   According to the Bank, a detailed forensic cyber investigation is underway.  The Bank indicates it is working directly with stakeholders whose information may have been compromised.   The breach was first
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May 7, 2020

Australia: Prudential Regulator publishes FAQs on loan repayment deferrals and residential mortgage lending

The Australian Prudential Regulation Authority (APRA) has released a set of FAQs on its expectations for regulated deposit-taking institutions during the period of disruption due to COVID-19.   The FAQs cover the regulatory capital approach for loan repayment deferrals. The page also clarifies APRA’s guidance for serviceability assessments in Prudential
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April 15, 2020

Australia: APRA extends Initial Margin Requirements for Non-centrally Cleared Derivatives Commencement Dates

The Australian Prudential Regulation Authority (APRA) has deferred by one year the commencement dates for the final two phases of the initial margin requirements for non-centrally cleared derivatives.   The extension follows last month’s announcement that APRA was suspending the majority of its planned policy and supervision initiatives in response
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April 10, 2020

Australia: Feedback on Financial Institutions’ Preparation for LIBOR Transition

In May 2019, the Australian Securities and Investments Commission (ASIC) wrote to the CEOs of selected major Australian financial institutions regarding the end of the London Interbank Offered Rate (LIBOR).   The initiative – supported by the Australian Prudential Regulation Authority, and the Reserve Bank of Australia – requested information
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