Australia: Prudential Regulator publishes FAQs on loan repayment deferrals and residential mortgage lending

Australia Flag - Pixabay

The Australian Prudential Regulation Authority has released a set of FAQs on its expectations for regulated deposit-taking institutions during the period of disruption due to COVID-19.

The FAQs cover the regulatory capital approach for loan repayment deferrals. The page also clarifies APRA’s guidance for serviceability assessments in Prudential Practice Guide APG 223 – Residential Mortgage Lending.

Similar to APRA, in Canada, the Office of the Superintendent of Financial Institutions has a dedicated FAQs page on announced measures to address issues stemming from COVID-19.

The same is also true for the UK’s Prudential Regulation Authority (PRA). Details of the PRA’s Q&A on using liquidity and capital buffers during this extraordinary period can be accessed here.

Photo Credit: Pixabay

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s