Covered Bonds and Securitisation Matters
09 Dec 2011
Source: Australian Prudential Regulation Authority
Deadline: 9 December 2011
The Australian Prudential Regulation Authority (APRA) has published for consultation a discussion paper outlining its proposals to introduce a new prudential standard for authorised deposit-taking institutions (ADIs) that issue covered bonds. The discussion paper and draft prudential standard are intended to ensure that ADIs adopt prudent practices when issuing covered bonds and managing risks associated with exposure to a covered bond special purpose vehicle. Following consideration of submissions received, APRA will finalise APS 121 and related amendments to other prudential standards with a view to implementation in early 2012.
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