APRA


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APRA

(æˈpræ)
n acronym for
1. (Banking & Finance) Australian Prudential Regulatory Authority
2. (Broadcasting) Australasian Performing Right Association
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The upgrade is driven by Apra AutoA[cent sign]a'[not sign]a"[cent sign]s higher-than-expected operating income and profitability, which will support improvement in the companyA[cent sign]a'[not sign]a"[cent sign]s financial risk profile; and improving capital structure driven by steady accretion to reserves and stable cash accruals, which will support the companyA[cent sign]a'[not sign]a"[cent sign]s debt protection metrics.
A review commissioned by APRA found that the bank's board had 'inadequate oversight' of non-financial risks, including reputational risks.
As an example, the MD said that APRA's measures requiring ADIs to curb investor lending to 10 percent and interest-only lending to 30 percent have resulted in 'an injustice that is continuing to be perpetuated.'
On Wednesday, APRA released its discussion paper on revisions to the capital framework for Authorised Deposit Taking Institutions (ADIs).
APRA confirmed that, among other changes, it will reduce the limits for Australian ADIs' exposures to related entities from 50% of Level 1 Total capital to 25% of Level 1 Tier 1 capital.
APRA said that current remuneration practices were not encouraging the correct behaviour.