the banks are required to tell APRA in advance of proposed board changes
short for Australian Prudential Regulation Authority
Example sentencesExamples
- Given the importance of the housing market to the banking system, APRA has issued a new prudential practice on residential home lending.
- APRA has warned banks of higher capital requirements.
- APRA is funded largely by the industries that it supervises.
- The RBA said that APRA had increased the intensity of its supervisions around housing market risks facing banks in the past year.
- He believes the large monthly jump is a one-off and puts in down to people getting their loans approved before APRA gets tough.
- That justified the insistence by APRA, the financial regulator, that banks take greater account of the risk of losses from default by borrowers.
- APRA wrote to lenders in early December warning lenders not to increase investor loans by more than 10 per cent a year.
- APRA is now alert to any Australian deposit taking institutions with growth in their investor loan portfolio materially above 10 per cent per year.
- APRA has indicated it may lift capital reserve requirements for the big four banks to guard against future financial crises.
- APRA found some trustees of for-profit funds were paying significantly higher administration fees.