Australia

Details

  • Service: Topics, Financial Services Regulation
  • Industry: Financial Services, Banking
  • Type: Regulatory update
  • Date: 31/01/2014

Final prudential standards: Risk management for financial services and banking 

The Australian Prudential Regulation Authority (APRA) released a number of final prudential standards affecting the financial services industry and Banking sector in January 2014.

These changes relate to APRA’s approach to implement standards across the industry to harmonise and enhance the current risk management framework and liquidity risk management.

 

KPMG’s summary covers:

 

  • CPS 220 Risk management
  • Basel III Liquidity Framework – Committee Liquidity Facility (CLF).
 

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