APRA's Policy Reform Program Source: APRA 'Media Releases' 7th April 2000 This material is reproduced by permission but does not purport to be the official or authorised version. The accuracy of the content is not guaranteed. Please rely only on the authorised document. Whe Australian Prudential Regulation Authority (APRA) today released a Policy Information Paper outlining its main policy priorities over the medium term. The paper discusses APRA's broad approach to policy development, the factors driving change in prudential supervision in Australia and some of the specific policy issues on APRA's work program. These include: harmonisation of prudential standards for Authorised Deposit-taking Institutions (ADIs); development of a comprehensive framework for the prudential supervision of conglomerates; reform of the prudential supervision framework for general insurance companies; reassessment of the international Capital Accord applied to banks and other ADIs; and development of policies to address emerging developments in the financial system - such as the trend towards "e-commerce" within the financial sector, and the use of credit mitigation techniques such as credit derivatives by financial institutions. While this paper is mainly for information, APRA nonetheless welcomes comments on its general approach to policy development and on the policy initiatives outlined. Further details: Australian Prudential Regulation Authority Policy Information Paper Web site: www.apra.gov.au Submit an Article to the Newsroom DISCLAIMER: Supercorp Australia Pty Ltd and its officers and employees, disclaim all and any liability and responsibility to any person for any act or consequence or omission in respect of the above information. No person should rely on the contents of this information without obtaining advice from a qualified professional. Copyright © 1999-2002 - Supercorp Australia Pty Ltd - ABN 92 063 307 700