Credit risk. Risk weighting. Carrying value. Public disclosure of Prudential Information. requirements. Those. Pillar. 2 - Enhanced adequacy.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Credit risk. Risk weighting. Carrying value. Public disclosure of Prudential Information. requirements. Those. Pillar. 2 - Enhanced adequacy."

Transcription

1 Public disclosure of Prudential Information as at 31st March 211 This public disclosure is prepared for for the quarter ended the 31st March 211. It complies with Prudential Standard APS 33 Capital Adequacy: Public Disclosure of Prudential Information and is unaudited. Capital management Capital levels are managed to ensure compliance with Australian Prudential Regulation Authority (APRA) requirements. Those requirements encompass a framework of three pillars. 1 - Minimum capital requirements, including a specific capital charge for operational risk. 2 - Enhanced supervision of capital management including the application of an internal capital adequacy assessment process. 3 - More extensive disclosure requirements. 1 Capital is measured as prescribed by Australian Prudential Regulation Authority (APRA) prudential standards. Thesee standards act to deliver capital requirements in respect of Credit risk, Market risk and Operational risk. Credit risk Credit risk is measured using the Standardised Approach defined in prudential standard APS112. The capital charge attached to each asset is based on weightings prescribed by APRAA as detailed in the table below: On statement of financial position exposures Risk weighting Risk weighted amount Cash 1,318,38 % Deposits in highly rated ADIs 454,461,23 2% 9,892,2466 Deposits in less highly rated ADIs 13,, 5% 65,, Standard loans secured against eligible residential mortgages up to 8% LVR (up to 9% with Lenders Mortgage Insurance) 1,856,24,15 35% 649,684,522 Standard loans secured against eligible residential mortgages over 8% LVR 475,286, % 24,919,333 Other standard mortgage loans 8,911,124 1% 8,911,1244 Non standard mortgage loans 464, % 42,16 Other loans 331,954,214 1% 331,954,2144 Other assets 49,738,686 1% 49,738,6866 3,38,375,212 1,437,51,815 ABN Page 1 of 6

2 Off statement of financial position exposures Notional principal amount Credit conversion factor Credit equivalent amount Risk weighting Risk weightedd amount Loans approved and not advancedd 15,68,736 1% 15,68,736 35%-1% 52,632,887 Redraws available 246,82,482 5% 123,41,241 35%-1% 49,333,4166 Guarantees 1 1% 1 1% 1 Unused revolving credit limits 242,35,672 % Possible contribution to CUFSS 15,69,682 % 699,849, ,479,77 11,966,43 weighted credit risk exposures 1,539,468,218 Market risk The credit union is not required to allocate capital against market risk as no trading activity iss undertaken and the standardised approach does not result in any allocation against interest rate risk in the banking book. Operational risk Operational risk is measured using the Standardised Approach defined in prudential standard APS114. The capital charge is based upon portfolio balances and revenue streams with scaling and risk factors applied to reflect APRA s assessment of the particular risk profiles. Operational risk capital requirement for retail banking 3-Jun-8 31-Dec-8 3-Jun-9 31-Dec-9 3-Jun-1 31-Dec-1 gross outstanding loans and advances for 2,3,435,538 2,147,79,127 retail banking 2,196,38,725 2,313,217,856 2,436,539,8 2,562,19,97 3.5% scaling factor 71,65,244 75,172,654 76,861,355 8,962,625 85,278,868 89,673,849 12% risk factor 8,527,829 9,2,719 9,223,363 9,715,515 1,233,464 1,76,8622 Average of the 6 half year results = operational risk capital requirement for retail banking 9,58,2922 Operational risk capital requirement for commercial banking 3-Jun-8 31-Dec-8 3-Jun-9 31-Dec-9 3-Jun-1 31-Dec-1 gross outstanding loans and advances for commercial banking 337,51, ,669,24 648,421,913 49,89,671 68,957, ,319, % scaling factor 11,796,816 23,263,422 22,694,767 17,181,173 21,313,54 2,591, % risk factor 1,769,522 3,489,513 3,44,215 2,577,176 3,197,26 3,88,6766 Average of the 6 half year results = operational risk capital requirement for commercial banking 2,921,21 ABN Page 2 of 6

3 Operational risk capital requirement for all other activity 3-Jun-8 31-Dec-8 3-Jun-9 31-Dec-9 3-Jun-1 31-Dec-1 Adjusted gross income 2,93,369 1,667,57 2,398,969 1,921,721 2,88,222 2,111,7 18% risk factor 376,86 3, , ,91 55,48 379,993 Average of the 3 annual results = operational risk capital requirement for all other activity 78,566 operational risk capital requirement 13,281,369 RWA equivalent amount for operational risk capital requirement = Operational risk capital * ,17,111 credit and operational risk weighted 1,75,485,329 Capital resources Tier 1 capital - The majority of Tier 1 capital consists of retained profits. Tier 2 capital - Consists of capital instrumentss that combine the features off debt and equity in that they are structured as debt instruments, but exhibit some of the loss absorptionn and funding flexibility features of equity. There are a number of criteria that capital instruments mustt meet for inclusion in Tier 2 capital resources as set down by APRA. Tier 2 capital generally comprises a reserve for credit losses. A minimum capital ratio of 8% is equired to be maintained at all times. Our policy requires reporting to the board and the regulator if thee capital ratio falls below 13.7%. The capital ratio can be affected by growth in assets relative to growth in reserves and by changes in the mix of assets. The credit unionn manages capital through reviewing the ratio monthly and monitoring major movements in asset levels. Further, a 3 year capital projection is maintained to assess how strategic decisions or trends may impact on the level of capital. A stress test based on various asset growth and profitability assumptions is conducted annually. 2 risk capital 2 of the Prudential Framework relates to any risk factor to which an ADI might be exposed that is not included in 1. Thesee risks fall into 3 categories. 1 risks not fully captured by the 1 process, for example credit concentration risk. Inherent risks not covered by 1, including: - interest rate risk in the banking book - liquidity risk - strategic risk - reputation risk Risks arising from external factors such as business cycles effects and the macroeconomic environment. The credit union documents, analyses and sets its own internal capital requirements to meet 2 risks. The methodologies used to assesss the required capital are a combination of quantitative and qualitative assessment and by their nature are based on a degree of collective subjective judgment off senior management and the board. ABN Page 3 of 6

4 Internal capital adequacy management The credit union manages its internal capital levels for both current and futuree activities through a combination of committees. The outputs of the individual committees are reviewed by the board in its capacity as the primaryy governing body. The capital required for any change in the credit union s forecasts for asset growth or unforeseen circumstances, are assessed by the board. The finance department then updates the forecast capital resources models produced andd the impact upon the overall capital position of the credit unionn is reassessed. Contingency buffer Based on historical fluctuations in capital the credit union incorporates a contingency buffer of 1.7% when targeting minimum levels off capital and when preparing its Capital Management Plan to cover volatility in the risks identified above. RWA Minimum capital required % Equivalent of RWAA Operational risk 166,17,111 13,281,369 8.% % Credit risk 1,539,468, ,157,457 8.% % 1,75,485, ,438,826 8.% % 2 uplift capital 68,219,413 4.% % ICAAP capital required 24,658, % % Buffer for business cycle volatility 28,993, % % Capital available for future growth and product and service development 39,84, % % Risk-based capital ratio 272,736, % % Tier 1 capital ratio 256,768, % % Tier 2 capital ratio 15,967,484.94% % Credit risk The credit risk of a financial institution is the risk that customerss (members), financial institutions and other counterparties will be unable to meet their obligations to the institution which may result in financial losses. Credit risk arises principally from the credit union s loan book and investmentt assets. Liquid investments The risk of losses on liquid investments is mitigated through the application off investment limits per counterparty based upon independent ratings of counterparties and by limiting exposure to groups of counterparties within a rating band. The exposure values associated with each credit quality step are as follows: Investments with: No. of institutions Past due value Provisionn ADIs-rated A-1+ or A-1 (short-term) 4 255,461,23 ADIs-rated AA or A+ (long-term) 13,, ADIs-rated A-2 (short-term) 7 187,, ADIs-rated A-3 (short-term) 1 12,, ,461,23 ABN Page 4 of 6

5 Loans is the value on the statement of financial position. Maximum exposure is the value on the statement of financial position plus the undrawn facilities (loans approved but not funded, redraw facilities, undrawn overdrafts and credit cards). on statement of financial position Commitments Other non-market off statement of financial position exposures Maximum exposure Average grosss exposure inn the periodd $ $ $ $ $ Housing 2,195,6 33,85 2,,498,91 2,447,267 Personal 474, , , ,45 -natural persons 2,669, ,71 3,,262,474 3,24,717 Corporate borrowers 4,78 1,539 6,319 6,332 2,674, ,24 3,,268,793 3,211,49 The commitments set out above comprise Outstanding loan commitments The loans approved but not fundedd $ 15,69 Loan redraw facilities The loan redraw facilities available 246,82 Undrawn loan facilities Loan facilities available to members for overdrafts and credit cards are as follows: value of facilities approved 331,892 Less: Amount advanced (89,541) Net undrawn value 242,351 Thesee commitments are contingen on members maintaining credit standardss and ongoing repayment terms on amounts drawn. loan commitments 594,24 Impairment Impairment of a loan is recognised when there is reasonable doubt that not all the principal and interest can be collected in accordancee with the terms of the loan agreement. Impairment is assessed by specific identification in relation to individual loans and by estimation of expected losses in i relation to loan portfolios where specific identification is impracticable. Bad debts were written off when identified and are recognised as expenses inn the statementt of comprehensive income. All loans and advances are reviewed and gradedd according to the anticipated level of credit risk. The classification adopted is describedd below: Non-accrual loans are loans and advances, including savings accounts drawnn past their approved credit limit, where the recovery of all interest and principal is consideredd to be reasonably doubtful. Interest charged and not received on this class of loan is not recognised as revenue. APRA has made it mandatory that interest is not recognised as revenue after irregularity exceeds 9 days for a loan facilityy or 15 days for an over limit overdraft and credit card facility or 15 days for overdrawn savings account. ABN Page 5 of 6

6 Restructured loans arise when the borrower is granted a concession due to continuing difficulties in meeting the original terms and the revised terms are not comparable to new facilities of comparable risk. Loans, where interestt has been stopped or is less than the creditt union s average cost of funds, are included in non-accrual loans. The level of impaired loans by class of loan is set out below: is i the balance gross of provision (net of deferred fees). Past due loans as per APS 22 Credit Quality is the on statement of financial position loan balances which are behind in repayments by 9 days or more, well-secured and not impaired. Impaired loans value is the on statement of financial position loan balance and includess non-accrual loans and restructured loans. Provision for impairment is the amount of the impairment provision allocated to the classs of impaired loans. The losses in the period equate to the additional provisionss set aside for impaired loans and bad debts written off in excess of previous provision allowances. on statement of financial position Value of loans that are past due Valuee of loans that are impaired Provision for impairment Provision movement for impairment Bad debts in the period $ $ $ $ $ $ Housing 2,195,6 7, (412) Personal 474,767 3,943 1,678 (254) 37 -natural persons 2,669,773 11,55 1,694 (666) 37 Corporate borrowers 4, (25) 2,674,553 11,58 1,696 (691) 37 The impaired loans are generally not secured against residential property. Some impaired loans are secure vehicles or other assets of varying value. It is not practicable to determine thee fair value of all collateral as the variety of assetss and condition. ed by mortgag at the balance e over motor date due to Reserve for credit losses In addition to the above provision for impairment, the board has recognised the need to make an allocation from retained earnings to ensure there is adequate protection for members against the prospect that some members will experiencee loan repayment difficulties inn the future. The reserve is based on estimation of potential risk in the loan portfolio based upon the level of security taken as collateral. The reserve has been determined on the basis of the past experience with thee loan delinquency and amounts written off. The amount of o the reserve is currently $18,158,65. The value of the reserve is amended to reflect the changes in economic conditions and the relevant concentrations in specific regions and industries of employment within the loan book. ABN Page 6 of 6

APRA Prudential Standard APS 330 Capital and Credit Risk Disclosures 31 March 2014

APRA Prudential Standard APS 330 Capital and Credit Risk Disclosures 31 March 2014 Australian Defence Credit Union Limited, as an Authorised Deposit-Taking Institution (ADI), is regulated by the Australian Prudential Regulation Authority (APRA). APRA is the prudential regulator of the

More information

18,343 18,308 3 Accumulated other comprehensive income (and other reserves)

18,343 18,308 3 Accumulated other comprehensive income (and other reserves) The information in this report is prepared quarterly based on the ADI financial records. The financial records are not audited for the Quarters ended 30 September, 31 December and 31 March. The report

More information

Bank of Queensland Limited

Bank of Queensland Limited APRA 30 April 2012 The Basel II Capital Accord principles took effect in Australia on 1 January 2008. The framework for the application of Basel II in Australia is comprised of three pillars: Pillar 1:

More information

General Bank of Canada. Pillar Three Disclosures

General Bank of Canada. Pillar Three Disclosures General Bank of Canada Pillar Three Disclosures The Basel Committee of Banking Supervision sets out expectations for the public qualitative disclosure of a bank s risk management objectives and policies,

More information

Basel III Pillar 3 and Leverage Ratio disclosures of ALTERNA BANK

Basel III Pillar 3 and Leverage Ratio disclosures of ALTERNA BANK of ALTERNA BANK 1. Scope of Application CS Alterna Bank, a member of the Canada Deposit Insurance Corporation ( CDIC ), operates under the name Alterna Bank. It is a Schedule 1 Bank and received letters

More information

Guidance Note AGN 112.1

Guidance Note AGN 112.1 Guidance Note AGN 112.1 Standardised Approach to Credit Risk: Risk-weighted On-balance sheet Credit Exposures 1. This Guidance Note and its Attachments set out how to calculate the riskweighted amount

More information

ZAG BANK BASEL II & III PILLAR 3 DISCLOSURES. December 31, 2014

ZAG BANK BASEL II & III PILLAR 3 DISCLOSURES. December 31, 2014 ZAG BANK BASEL II & III PILLAR 3 DISCLOSURES December 31, 2014 Zag Bank (the Bank ) is required to make certain disclosures to meet the requirements of the Office of the Superintendent of Financial Institutions

More information

GE Capital Finance Australia APS 330: Public Disclosure of Prudential Information December 2013 (AUD $ million)

GE Capital Finance Australia APS 330: Public Disclosure of Prudential Information December 2013 (AUD $ million) December 2013 (AUD $ million) Important Notice This document has been prepared to meet the disclosure obligations under the Australian Prudential Regulation Authority (APRA) APS 330 Capital Adequacy: Public

More information

Controls and accounting policies

Controls and accounting policies Controls and accounting policies Controls and procedures Management s responsibility for financial information contained in this Annual Report is described on page 92. In addition, the Bank s Audit and

More information

BASEL III PILLAR 3 CAPITAL ADEQUACY AND RISKS DISCLOSURES AS AT 30 SEPTEMBER 2015

BASEL III PILLAR 3 CAPITAL ADEQUACY AND RISKS DISCLOSURES AS AT 30 SEPTEMBER 2015 BASEL III PILLAR 3 CAPITAL ADEQUACY AND RISKS DISCLOSURES AS AT 30 SEPTEMBER 2015 COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124 5 NOVEMBER 2015 This page has been intentionally left blank Introduction

More information

Basel III Pillar 3 CAPITAL ADEQUACY AND RISK DISCLOSURES AS AT 30 SEPTEMBER 2014

Basel III Pillar 3 CAPITAL ADEQUACY AND RISK DISCLOSURES AS AT 30 SEPTEMBER 2014 Basel III Pillar 3 CAPITAL ADEQUACY AND RISK DISCLOSURES AS AT 30 SEPTEMBER 2014 COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124 5 NOVEMBER 2014 1 Scope of Application The Commonwealth Bank of Australia

More information

FOREX Bank AB. Annual information about capital adequacy and risk management 1

FOREX Bank AB. Annual information about capital adequacy and risk management 1 2011 Annual information about capital adequacy and risk management Annual information about capital adequacy and risk management 1 Introduction FOREX BANK AB, 516406-0104, is the parent company of the

More information

PILLAR 3 DISCLOSURES 2009

PILLAR 3 DISCLOSURES 2009 PILLAR 3 DISCLOSURES 2009 Company Registration Number: C 16343 Contents Page Introduction............................................................... 3 Risk Management Objectives and Policies.................................

More information

SUPERVISION GUIDELINE

SUPERVISION GUIDELINE SUPERVISION GUIDELINE G6: GUIDELINES FOR LOAN CLASSIFICATION AND PROVISIONING FOR IMPAIRED ASSETS Issued To All Licensed Financial Institutions AUTHORITY Section 316 (4) of the International Business Corporations

More information

GUIDELINES ON THE CLASSIFICATION AND IMPAIRMENT PROVISIONS FOR LOANS / FINANCING FOR LABUAN BANKS

GUIDELINES ON THE CLASSIFICATION AND IMPAIRMENT PROVISIONS FOR LOANS / FINANCING FOR LABUAN BANKS GUIDELINES ON THE CLASSIFICATION AND IMPAIRMENT PROVISIONS FOR LOANS / FINANCING FOR LABUAN BANKS 1.0 Introduction 1.1 The Guidelines set out the minimum requirements on the classification of impaired

More information

Reporting Form ARF 392.0 Housing Finance Instruction Guide

Reporting Form ARF 392.0 Housing Finance Instruction Guide Reporting Form ARF 392.0 Housing Finance Instruction Guide The purpose of this survey is to provide monthly statistics on the provision of secured finance to individuals for owner-occupied housing. The

More information

TD Bank Financial Group Q4/08 Guide to Basel II

TD Bank Financial Group Q4/08 Guide to Basel II TD Bank Financial Group Q4/08 Guide to Basel II 1. OVERVIEW General Information on Basel can be found on the Canadian Bankers Association website at www.cba.ca. Choose Issues, Standards, Rules and Guidelines

More information

Nova Scotia Farm Loan Board. Financial Statements March 31, 2015

Nova Scotia Farm Loan Board. Financial Statements March 31, 2015 Nova Scotia Farm Loan Board Financial Statements March 31, Management's Responsibility for the Financial Statements The financial statements have been prepared by management in accordance with Canadian

More information

Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc.

Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc. Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc. Introduction Basel II is an international framework on capital that applies to deposit taking institutions in many countries, including Canada.

More information

Bank of America NA Dublin Branch Market Discipline. Basel II - Disclosures

Bank of America NA Dublin Branch Market Discipline. Basel II - Disclosures Bank of America NA Dublin Branch Market Discipline Basel II - Disclosures Disclosure 1 - Scope of application The Basel II disclosures contained herein relate to Bank of America, NA Dublin Branch herein

More information

Standard Chartered Bank (Thai) PCL & its Financial Business Group Pillar 3 Disclosures 30 June 2015

Standard Chartered Bank (Thai) PCL & its Financial Business Group Pillar 3 Disclosures 30 June 2015 Standard Chartered Bank (Thai) PCL & its Financial Business Group Registered Office: 90 North Sathorn Road, Silom Bangkok, 10500, Thailand Overview During 2013, the Bank of Thailand ( BOT ) published the

More information

FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10 Q

FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10 Q FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10 Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June

More information

COMPUTERSHARE TRUST COMPANY OF CANADA BASEL III PILLAR 3 DISCLOSURES

COMPUTERSHARE TRUST COMPANY OF CANADA BASEL III PILLAR 3 DISCLOSURES COMPUTERSHARE TRUST COMPANY OF CANADA BASEL III PILLAR 3 DISCLOSURES December 31, 2013 Table of Contents Scope of Application... 3 Capital Structure... 3 Capital Adequacy... 3 Credit Risk... 4 Market Risk...

More information

Nova Scotia Fisheries and Aquaculture Loan Board. Financial Statements March 31, 2015 (in thousands of dollars)

Nova Scotia Fisheries and Aquaculture Loan Board. Financial Statements March 31, 2015 (in thousands of dollars) Nova Scotia Fisheries and Aquaculture Loan Board Financial Statements March 31, 2015 June 25, 2015 Independent Auditor s Report To the Members of the Legislative Assembly and to the Minister of Fisheries

More information

CommInsure Capital Adequacy Disclosure. Version 1 Dated: 30 June 2014

CommInsure Capital Adequacy Disclosure. Version 1 Dated: 30 June 2014 CommInsure Capital Adequacy Disclosure Version 1 Dated: 30 June 2014 CommInsure CommInsure is a registered business name under which the insurance companies in the Commonwealth Bank Group (the Group) conduct

More information

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Contents Independent Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated

More information

PRAKAS ON ASSET CLASSIFICATION AND PROVISIONING IN BANKING AND FINANCIAL INSTITUTIONS

PRAKAS ON ASSET CLASSIFICATION AND PROVISIONING IN BANKING AND FINANCIAL INSTITUTIONS PRAKAS ON ASSET CLASSIFICATION AND PROVISIONING IN BANKING AND FINANCIAL INSTITUTIONS The Governor of the National Bank of Cambodia - With reference to the Constitution of the Kingdom of Cambodia; Unofficial

More information

BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012

BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012 BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012-1 - Purpose of the Financial Plan The financial plan is a component of Brisbane City Council s system of financial management. It helps ensure the financial

More information

EBA-GL-2015-02. 23 July 2015. Guidelines. on the minimum list of qualitative and quantitative recovery plan indicators

EBA-GL-2015-02. 23 July 2015. Guidelines. on the minimum list of qualitative and quantitative recovery plan indicators EBA-GL-2015-02 23 July 2015 Guidelines on the minimum list of qualitative and quantitative recovery plan indicators Contents EBA Guidelines on the minimum list of qualitative and quantitative recovery

More information

IFRS 9 FINANCIAL INSTRUMENTS (2014) INTERNATIONAL FINANCIAL REPORTING BULLETIN 2014/12

IFRS 9 FINANCIAL INSTRUMENTS (2014) INTERNATIONAL FINANCIAL REPORTING BULLETIN 2014/12 IFRS 9 FINANCIAL INSTRUMENTS (2014) INTERNATIONAL FINANCIAL REPORTING BULLETIN 2014/12 Summary On 24 July 2014, the International Accounting Standards Board (IASB) completed its project on financial instruments

More information

Statement of Cash Flows

Statement of Cash Flows STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 7 Statement of Cash Flows This version of SB-FRS 7 does not include amendments that are effective for annual periods beginning after 1 January 2014.

More information

Roche Capital Market Ltd Financial Statements 2014

Roche Capital Market Ltd Financial Statements 2014 Roche Capital Market Ltd Financial Statements 2014 1 Roche Capital Market Ltd - Financial Statements 2014 Roche Capital Market Ltd, Financial Statements Roche Capital Market Ltd, statement of comprehensive

More information

International Accounting Standard 7 Statement of cash flows *

International Accounting Standard 7 Statement of cash flows * International Accounting Standard 7 Statement of cash flows * Objective Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability

More information

INTERIM REPORT. Q1 2015 (unaudited)

INTERIM REPORT. Q1 2015 (unaudited) INTERIM REPORT Q1 2015 (unaudited) Key figures FIGURES IN NOK 000s INCOME STATEMENT Profit/loss after taxation 29 446 32 079 112 243 Net interest margin 1,53 % 1,81 % 1,64 % Profit/loss after tax as a

More information

Measurement of Banks Exposure to Interest Rate Risk and Principles for the Management of Interest Rate Risk respectively.

Measurement of Banks Exposure to Interest Rate Risk and Principles for the Management of Interest Rate Risk respectively. INTEREST RATE RISK IN THE BANKING BOOK Over the past decade the Basel Committee on Banking Supervision (the Basel Committee) has released a number of consultative documents discussing the management and

More information

Standard Chartered Bank (Hong Kong) Limited. Interim Financial Information Disclosure Statements

Standard Chartered Bank (Hong Kong) Limited. Interim Financial Information Disclosure Statements Standard Chartered Bank (Hong Kong) Limited Interim Financial Information Disclosure Statements For the period 30 June 2016 Contents Page Introduction... 1 Consolidated income statement... 2 Consolidated

More information

POLICY POSITION PAPER ON THE PRUDENTIAL TREATMENT OF CAPITALISED EXPENSES

POLICY POSITION PAPER ON THE PRUDENTIAL TREATMENT OF CAPITALISED EXPENSES POLICY POSITION PAPER ON THE PRUDENTIAL TREATMENT OF CAPITALISED EXPENSES RESULTS OF A SURVEY OF AUTHORISED DEPOSIT-TAKING INSTITIONS, UNDERTAKEN BY THE AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY June

More information

Questions and Answers on Accounting for Loan and Lease Losses

Questions and Answers on Accounting for Loan and Lease Losses Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of Thrift Supervision Questions

More information

CANADIAN TIRE BANK. BASEL PILLAR 3 DISCLOSURES December 31, 2014 (unaudited)

CANADIAN TIRE BANK. BASEL PILLAR 3 DISCLOSURES December 31, 2014 (unaudited) (unaudited) 1. SCOPE OF APPLICATION Basis of preparation This document represents the Basel Pillar 3 disclosures for Canadian Tire Bank ( the Bank ) and is unaudited. The Basel Pillar 3 disclosures included

More information

Guidance Note AGN 112.1 Risk-Weighted On-Balance Sheet Credit Exposures

Guidance Note AGN 112.1 Risk-Weighted On-Balance Sheet Credit Exposures Guidance Note AGN 112.1 Risk-Weighted On-Balance Sheet Credit Exposures Attachment C Eligible Residential Mortgages For capital adequacy purposes, a loan for housing or other purposes to an individual

More information

NEED TO KNOW. IFRS 9 Financial Instruments Impairment of Financial Assets

NEED TO KNOW. IFRS 9 Financial Instruments Impairment of Financial Assets NEED TO KNOW IFRS 9 Financial Instruments Impairment of Financial Assets 2 IFRS 9 FINANCIAL INSTRUMENTS IMPAIRMENT OF FINANCIAL ASSETS IFRS 9 FINANCIAL INSTRUMENTS IMPAIRMENT OF FINANCIAL ASSETS 3 TABLE

More information

TABLE 1: SCOPE OF APPLICATION Capital Deficiencies (Table 1, (e))

TABLE 1: SCOPE OF APPLICATION Capital Deficiencies (Table 1, (e)) Particulars 4. Subsidiary n TABLE 1: SCOPE OF APPLICATION Capital Deficiencies (Table 1, (e)) The aggregate amount of capital deficiencies in subsidiaries not included in the consolidation i.e. that are

More information

1. This Prudential Standard is made under paragraph 230A(1)(a) of the Life Insurance Act 1995 (the Act).

1. This Prudential Standard is made under paragraph 230A(1)(a) of the Life Insurance Act 1995 (the Act). Prudential Standard LPS 110 Capital Adequacy Objective and key requirements of this Prudential Standard This Prudential Standard requires a life company to maintain adequate capital against the risks associated

More information

GE Capital. Second quarter 2012 supplement

GE Capital. Second quarter 2012 supplement GE Capital Second quarter supplement Results are unaudited. This document contains forward-looking statements that is, statements related to future, not past, events. In this context, forward-looking statements

More information

Policy on the Management of Country Risk by Credit Institutions

Policy on the Management of Country Risk by Credit Institutions 2013 Policy on the Management of Country Risk by Credit Institutions 1 Policy on the Management of Country Risk by Credit Institutions Contents 1. Introduction and Application 2 1.1 Application of this

More information

Prudential Practice Guide

Prudential Practice Guide Prudential Practice Guide APG 112 Standardised Approach to Credit Risk January 2008 www.apra.gov.au Australian Prudential Regulation Authority Disclaimer and copyright This prudential practice guide is

More information

Dah Sing Bank, Limited

Dah Sing Bank, Limited ANNOUNCEMENT OF 2001 FINAL RESULTS The Directors of Dah Sing Bank, Limited (the Bank ) are pleased to present the audited consolidated results of the Bank and its subsidiaries (the Group ) for the year

More information

Bank Capital Adequacy under Basel III

Bank Capital Adequacy under Basel III Bank Capital Adequacy under Basel III Objectives The overall goal of this two-day workshop is to provide participants with an understanding of how capital is regulated under Basel II and III and appreciate

More information

FIIG ESSENTIALS GUIDE. Residential Mortgage Backed Securities

FIIG ESSENTIALS GUIDE. Residential Mortgage Backed Securities FIIG ESSENTIALS GUIDE Residential Mortgage Backed Securities Introduction Residential Mortgage Backed Securities (RMBS) are debt securities that are secured by a pool of home loans. RMBS are a subset

More information

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited)

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited) Annual financial statements and Audit report of Certified Public Accountant For the years ended 31 December 2005 and 2004 DHANA MITR FACTORING COMPANY LIMITED Notes to Financial Statements (Continued)

More information

2016 PILLAR 3 REPORT Incorporating the requirements of APS 330 Half Year Update as at 31 March 2016

2016 PILLAR 3 REPORT Incorporating the requirements of APS 330 Half Year Update as at 31 March 2016 PILLAR 3 REPORT Incorporating the requirements of APS 330 Half Year Update as at 31 March This page has been left blank intentionally Contents 1. Introduction 4 1.1 The NAB Group s Capital Adequacy Methodologies

More information

GUIDANCE NOTE FOR DEPOSIT TAKERS. Credit Risk, Arrears & Provisions Management. May 2009

GUIDANCE NOTE FOR DEPOSIT TAKERS. Credit Risk, Arrears & Provisions Management. May 2009 GUIDANCE NOTE FOR DEPOSIT TAKERS Credit Risk, Arrears & Provisions Management May 2009 (updated March 2011, January 2012 and March 2014) Version 1.3 Contents Page No. Part 1 Deposit takers incorporated

More information

CONSULTATION PAPER P016-2006 October 2006. Proposed Regulatory Framework on Mortgage Insurance Business

CONSULTATION PAPER P016-2006 October 2006. Proposed Regulatory Framework on Mortgage Insurance Business CONSULTATION PAPER P016-2006 October 2006 Proposed Regulatory Framework on Mortgage Insurance Business PREFACE 1 Mortgage insurance protects residential mortgage lenders against losses on mortgage loans

More information

Risk Management Programme Guidelines

Risk Management Programme Guidelines Risk Management Programme Guidelines Submissions are invited on these draft Reserve Bank risk management programme guidelines for non-bank deposit takers. Submissions should be made by 29 June 2009 and

More information

Close Brothers Group plc

Close Brothers Group plc Close Brothers Group plc Pillar 3 disclosures for the year ended 31 July 2008 Close Brothers Group plc Pillar 3 disclosures for the year ended 31 July 2008 Contents 1. Overview 2. Risk management objectives

More information

STATUTORY INSTRUMENTS 2005 No. 43.

STATUTORY INSTRUMENTS 2005 No. 43. STATUTORY INSTRUMENTS SUPPLEMENT No. 18 27th May, 2005 STATUTORY INSTRUMENTS SUPPLEMENT to The Uganda Gazette No. 28 Volume XCVIII dated 27th May, 2005 Printed by UPPC, Entebbe, by Order of the Government.

More information

DRAFT September 2007. specified in the ADI s IRB approval, application of the FIRB approach to one or more of its SL sub-asset classes.

DRAFT September 2007. specified in the ADI s IRB approval, application of the FIRB approach to one or more of its SL sub-asset classes. Reporting Form ARF 113.0E FIRB Specialised Lending Instruction Guide This instruction guide is designed to assist in the completion of the FIRB Specialised Lending form. This form captures the credit risk-weighted

More information

gjensidige.com Interim report second quarter and first half of 2010 gjensidige bank boligkreditt as

gjensidige.com Interim report second quarter and first half of 2010 gjensidige bank boligkreditt as gjensidige.com Interim report second quarter and first half of 2010 gjensidige bank boligkreditt as INTERIM REPORT FOR second Quarter AND first Half 2010 Gjensidige Bank boligkreditt OPERATIONS Gjensidige

More information

Regulations on Credit Risk Management

Regulations on Credit Risk Management In effect as of 06.01.2010. Published in the newspaper Latvijas Vēstnesis No 1 (4192) 05.01.2010. Riga, 28.12.2009 Unofficial translation Regulations No. 194 Regulations on Credit Risk Management Issued

More information

Roche Capital Market Ltd Financial Statements 2012

Roche Capital Market Ltd Financial Statements 2012 R Roche Capital Market Ltd Financial Statements 2012 1 Roche Capital Market Ltd - Financial Statements 2012 Roche Capital Market Ltd, Financial Statements Reference numbers indicate corresponding Notes

More information

Capital Market Services UK Limited Pillar 3 Disclosure

Capital Market Services UK Limited Pillar 3 Disclosure February 2013 Capital Market Services UK Limited Pillar 3 Disclosure Contents 1.0 Overview 2.0 Frequency and location of disclosure 3.0 Verification 4.0 Scope of application 5.1 Risk Management objectives

More information

OneWest Bank N. A. Dodd-Frank Act Stress Test Disclosure

OneWest Bank N. A. Dodd-Frank Act Stress Test Disclosure OneWest Bank N. A. Dodd-Frank Act Stress Test Disclosure Capital Stress Testing Results Covering the Time Period October 1, through December 31, for OneWest Bank N.A. under a Hypothetical Severely Adverse

More information

Risk Management Programme Guidelines

Risk Management Programme Guidelines Risk Management Programme Guidelines Prudential Supervision Department Non-bank deposit takers Issued: July 2009 2 CONTENTS Part 1 Introduction... 3 1. Purpose of this document... 3 2. Meaning of risk...

More information

State Farm Bank, F.S.B.

State Farm Bank, F.S.B. State Farm Bank, F.S.B. 2015 Annual Stress Test Disclosure Dodd-Frank Act Company Run Stress Test Results Supervisory Severely Adverse Scenario June 25, 2015 1 Regulatory Requirement The 2015 Annual Stress

More information

The Mortgage Market Review and Non-bank mortgage lenders is enhanced Prudential Supervision on the way?

The Mortgage Market Review and Non-bank mortgage lenders is enhanced Prudential Supervision on the way? JULY 2010 The Mortgage Market Review and Non-bank mortgage lenders is enhanced Prudential Supervision on the way? Introduction Since the publication of the FSA's latest Mortgage Market Review consultation

More information

Market Risk Capital Disclosures Report. For the Quarter Ended March 31, 2013

Market Risk Capital Disclosures Report. For the Quarter Ended March 31, 2013 MARKET RISK CAPITAL DISCLOSURES REPORT For the quarter ended March 31, 2013 Table of Contents Section Page 1 Morgan Stanley... 1 2 Risk-based Capital Guidelines: Market Risk... 1 3 Market Risk... 1 3.1

More information

YEARENDED31DECEMBER2013 RISKMANAGEMENTDISCLOSURES

YEARENDED31DECEMBER2013 RISKMANAGEMENTDISCLOSURES RISKMANAGEMENTDISCLOSURES 2015 YEARENDED31DECEMBER2013 ACCORDINGTOCHAPTER7(PAR.34-38)OFPARTCANDANNEXXIOFTHECYPRUSSECURITIES ANDEXCHANGECOMMISSIONDIRECTIVEDI144-2007-05FORTHECAPITALREQUIREMENTSOF INVESTMENTFIRMS

More information

1. Tally the balances in the various elements from the audited accounts

1. Tally the balances in the various elements from the audited accounts Illustrative Audit Checklist for Basel II Audit Procedures Tier I and Tier II Capital 1. Tally the balances in the various elements from the audited accounts 2. Check whether the various instruments comply

More information

EASTERN CARIBBEAN CENTRAL BANK

EASTERN CARIBBEAN CENTRAL BANK EASTERN CARIBBEAN CENTRAL BANK GUIDELINES ON CREDIT RISK MANAGEMENT FOR INSTITUTIONS LICENSED TO CONDUCT BANKING BUSINESS UNDER THE BANKING ACT Prepared by the BANK SUPERVISION DEPARTMENT May 2009 TABLE

More information

ICAAP Required Capital Assessment, Quantification & Allocation. Anand Borawake, VP, Risk Management, TD Bank anand.borawake@td.com

ICAAP Required Capital Assessment, Quantification & Allocation. Anand Borawake, VP, Risk Management, TD Bank anand.borawake@td.com ICAAP Required Capital Assessment, Quantification & Allocation Anand Borawake, VP, Risk Management, TD Bank anand.borawake@td.com Table of Contents Key Takeaways - Value Add from the ICAAP The 3 Pillars

More information

HOCH CAPITAL LTD PILLAR 3 DISCLOSURES As at 1 February 2015

HOCH CAPITAL LTD PILLAR 3 DISCLOSURES As at 1 February 2015 HOCH CAPITAL LTD PILLAR 3 DISCLOSURES As at 1 February 2015 TABLE OF CONTENTS 1. Overview / Background 1.1 Introduction 1.2 Frequency of disclosure 1.3 Location and verification of disclosure 1.4 Scope

More information

NONPROFITS ASSISTANCE FUND FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2015 AND 2014

NONPROFITS ASSISTANCE FUND FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2015 AND 2014 FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION 3 STATEMENTS OF ACTIVITIES 5 STATEMENTS OF CASH FLOWS

More information

TD Bank Financial Group Q1/08 Guide to Basel II

TD Bank Financial Group Q1/08 Guide to Basel II TD Bank Financial Group Q1/08 Guide to Basel II 1. OVERVIEW General Information on Basel can be found on the Canadian Bankers Association website at www.cba.ca. Choose Issues, Standards, Rules and Guidelines

More information

MISSION VALUES. The guide has been printed by:

MISSION VALUES. The guide has been printed by: www.cudgc.sk.ca MISSION We instill public confidence in Saskatchewan credit unions by guaranteeing deposits. As the primary prudential and solvency regulator, we promote responsible governance by credit

More information

Regulatory impact assessment on capital requirements for reverse mortgage loans

Regulatory impact assessment on capital requirements for reverse mortgage loans Regulatory impact assessment on capital requirements for reverse mortgage loans 28 October 2015 2 Agency disclosure statement 1. This Regulatory Impact Statement (RIS) has been prepared by the Reserve

More information

Capital Adequacy: Internal Ratings-based Approach to Credit Risk

Capital Adequacy: Internal Ratings-based Approach to Credit Risk Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk Objective and key requirements of this Prudential Standard This Prudential Standard is directed at ensuring

More information

GUIDANCE NOTE FOR DEPOSIT TAKERS. Credit Risk, Arrears & Provisions Management. February 2016

GUIDANCE NOTE FOR DEPOSIT TAKERS. Credit Risk, Arrears & Provisions Management. February 2016 GUIDANCE NOTE FOR DEPOSIT TAKERS Credit Risk, Arrears & Provisions Management February 2016 Version 1.0 Contents Page No. Part 1 Deposit takers incorporated in the Isle of Man 1 Rationale / Introduction

More information

Pillar 3 Disclosures. Principality Group 31 December 2008

Pillar 3 Disclosures. Principality Group 31 December 2008 Pillar 3 Disclosures Principality Group 31 December 2008 Contents 1. Overview 3 1.1 Background 1.2 Basis and frequency of disclosures 1.3 Scope of application 1.4 External audit 2. Risk Management Objectives

More information

Roche Capital Market Ltd Financial Statements 2009

Roche Capital Market Ltd Financial Statements 2009 R Roche Capital Market Ltd Financial Statements 2009 1 Roche Capital Market Ltd, Financial Statements Reference numbers indicate corresponding Notes to the Financial Statements. Roche Capital Market Ltd,

More information

APS 120 Funds Management & Securitisation

APS 120 Funds Management & Securitisation Prudential Standard APS 120 Funds Management & Securitisation Objective Principles Overview ADI s Involvement in Funds Management & Securitisation Activities Disclosure Separation Clean Sale Application

More information

Cash Flow Statements

Cash Flow Statements Compiled Accounting Standard AASB 107 Cash Flow Statements This compiled Standard applies to annual reporting periods beginning on or after 1 July 2007. Early application is permitted. It incorporates

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

1. Introduction... 3. 2. Process for determining the solvency need... 4. 3. Definitions of main risk types... 9

1. Introduction... 3. 2. Process for determining the solvency need... 4. 3. Definitions of main risk types... 9 Contents Page 1. Introduction... 3 2. Process for determining the solvency need... 4 2.1 The basis for capital management...4 2.2 Risk identification...5 2.3 Danske Bank s internal assessment of its solvency

More information

China International Capital Corporation (UK) Limited Pillar 3 Disclosure

China International Capital Corporation (UK) Limited Pillar 3 Disclosure 1. Overview Pillar 3 Disclosure March 2014 China International Capital Corporation (UK) Limited Pillar 3 Disclosure The European Union s Capital Requirements Directive ( CRD ) came into effect on 1 January

More information

2016 Comprehensive Capital Analysis and Review

2016 Comprehensive Capital Analysis and Review BMO Financial Corp. and BMO Harris Bank N.A. 206 Comprehensive Capital Analysis and Review Dodd-Frank Act Company-Run Stress Test Supervisory Severely Adverse Scenario Results Disclosure June 23, 206 Overview

More information

statistics selected Feature: adis commercial Property Exposure Limits September 2016 (released 29 November 2016)

statistics selected Feature: adis commercial Property Exposure Limits September 2016 (released 29 November 2016) statistics selected Feature: adis commercial Property Exposure Limits September 2016 (released 29 November 2016) AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY WWW.APRA.GOV.AU Disclaimer and Copyright While

More information

2015 DFAST Annual Stress Test Disclosure For Synchrony Bank, a Wholly-Owned Subsidiary of Synchrony Financial. June 26, 2015

2015 DFAST Annual Stress Test Disclosure For Synchrony Bank, a Wholly-Owned Subsidiary of Synchrony Financial. June 26, 2015 2015 DFAST Annual Stress Test Disclosure For Synchrony Bank, a Wholly-Owned Subsidiary of Synchrony Financial June 26, 2015 Disclaimers Cautionary Statement Regarding Forward-Looking Statements This presentation

More information

Risk & Capital Management under Basel III

Risk & Capital Management under Basel III www.pwc.com Risk & Capital Management under Basel III London, 15 Draft Agenda Basel III changes to capital rules - Definition of capital - Minimum capital ratios - Leverage ratio - Buffer requirements

More information

Charles Schwab Bank. 2015 Annual Dodd-Frank Act Stress Test Disclosure

Charles Schwab Bank. 2015 Annual Dodd-Frank Act Stress Test Disclosure Charles Schwab Bank 2015 Annual Dodd-Frank Act Stress Test Disclosure June 2015 I. Dodd-Frank Act Stress Test Results A. About Charles Schwab Bank Charles Schwab Bank (the Bank) is a wholly-owned subsidiary

More information

INTERNAL CAPITAL ADEQUACY ASSESSMENT

INTERNAL CAPITAL ADEQUACY ASSESSMENT INTERNAL CAPITAL ADEQUACY ASSESSMENT 30 june 2011 Contents Page 1. Introduction... 3 2. Process for determining the solvency need... 4 2.1. The basis for capital management... 4 2.2. Risk identification...

More information

Toscana Resource Corporation Condensed Consolidated Interim Financial Statements

Toscana Resource Corporation Condensed Consolidated Interim Financial Statements TOSCANA RESOURCE CORPORATION Toscana Resource Corporation Condensed Consolidated Interim Financial Statements March 31, 2012 and 2011 Condensed Consolidated Interim Statements of Financial Position As

More information

Objectives and key requirements of this Prudential Standard

Objectives and key requirements of this Prudential Standard Prudential Standard LPS 001 Definitions Objectives and key requirements of this Prudential Standard This Prudential Standard defines key terms referred to in other Prudential Standards applicable to life

More information

Pillar 3 Disclosures. (OCBC Group As at 31 December 2014)

Pillar 3 Disclosures. (OCBC Group As at 31 December 2014) 1. INTRODUCTION The purpose of this document is to provide the information in accordance with Pillar 3 directives under Monetary Authority of Singapore ( MAS ) Notice 637 on Risk Based Capital Adequacy

More information

Structure of the Standard

Structure of the Standard INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARD: FINANCIAL REPORTING UNDER THE CASH BASIS OF ACCOUNTING Structure of the Standard This Standard comprises two parts: Part 1 is mandatory. It sets out the

More information

Basel III Pillar 3 Disclosures Report. For the Quarterly Period Ended June 30, 2014

Basel III Pillar 3 Disclosures Report. For the Quarterly Period Ended June 30, 2014 BASEL III PILLAR 3 DISCLOSURES REPORT For the quarterly period ended June 30, 2014 Table of Contents Page 1 Morgan Stanley... 1 2 Capital Adequacy of Bank Holding Companies... 1 3 Capital Structure...

More information

Guideline for the Measurement, Monitoring and Control of Impaired Assets

Guideline for the Measurement, Monitoring and Control of Impaired Assets Guideline for the Measurement, Monitoring and Control of Impaired Assets FINAL TABLE OF CONTENTS 1 INTRODUCTION... 1 2 PURPOSE... 1 3 INTERPRETATION... 2 4 IMPAIRMENT RECOGNITION AND MEASUREMENT POLICY...

More information

HOLLY SPRINGS INVESTMENTS LIMITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS STATEMENT OF FINANCIAL PERFORMANCE 1

HOLLY SPRINGS INVESTMENTS LIMITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS STATEMENT OF FINANCIAL PERFORMANCE 1 HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS PAGES STATEMENT OF FINANCIAL PERFORMANCE 1 STATEMENT OF MOVEMENTS IN EQUITY 2 STATEMENT OF FINANCIAL POSITION 4-4 STATEMENT OF CASH

More information

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 INTERIM MANAGEMENT REPORT (UNAUDITED) FOR THE 6 MONTHS ENDED 30 JUNE 2013 1. Key Risks and uncertainties Risks and uncertainties

More information

Management's Responsibility for the Financial Statements

Management's Responsibility for the Financial Statements AIRA Factoring Public Company Limited Report and financial statements 31 December 2012 Independent Auditor's Report To the Shareholders of AIRA Factoring Public Company Limited I have audited the financial

More information

Prudential Supervision of Insurance in Australia. Chris Lewis Immediate Past President

Prudential Supervision of Insurance in Australia. Chris Lewis Immediate Past President Prudential Supervision of Insurance in Australia Chris Lewis Immediate Past President REGULATORY FRAMEWORK RBA APRA ASIC ACCC Monetary Policy System Stability Payments System Prudential supervision - banks

More information