SYDNEY, March 16 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) will consult on a package of reforms to bank capital and liquidity settings aimed at maintaining the resilience of Australia's financial system and ensuring it remains well-positioned to absorb shocks and respond to periods of turbulence.
The proposed changes follow several years of heightened geopolitical and market volatility that have underscored the importance of maintaining robust prudential settings so that banks are prepared to withstand external disruptions.
Having recently reviewed its liquidity and capital framework to ensure it remains fit-for-purpose, APRA h...