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“The pandemic will produce enduring change to many aspects of the way society operates – and the financial system will not be spared that change, ” said APRA chair Mr Byres. Speaking at an even
Wayne Byres has reflected on how the pandemic has impacted and influenced financial regulation and supervision.
The Australian Prudential Regulation Authority (APRA) has finalised its new bank capital framework, designed to strengthen levels of capital and align Australian standards with the internationally agreed Basel III requirements.
Banks will be required to set aside more capital for higher risk interest-only and investor mortgage under long-planned changes to the capital framework.
Banks will be required to set aside more capital for higher risk interest-only and investor mortgage under long-planned changes to the capital framework.