Friday, May 10, 2013
Pages - APRA releases second consultation package for the supervision of conglomerate groups
The Australian Prudential Regulation Authority (APRA) has today released for consultation proposed risk management and capital adequacy requirements for the supervision of conglomerate groups. The consultation package released today includes a response to submissions received on APRA's March 2010 discussion paper on the supervision of conglomerate groups and a set of draft prudential standards. The proposed Level 3 framework will assist APRA to ensure that its supervision adequately captures the risks to which APRA-regulated institutions within Level 3 groups are exposed and which are not adequately covered by existing prudential arrangements for stand-alone entities (Level 1 supervision) and single industry groups (Level 2 supervision).
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