Announcement date
23 September 2024
Link to announcement
APRA remakes Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) | APRA
Problem being addressed
APRA notes that under the Legislation Act 2003, the Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book is due to sunset on 1 April 2025.
Proposal
APRA propose to remake the regulations without significant changes.
Assessed Impact Analysis outcome
Sunsetting instrument
Assessment comments
Consistent with the Government's Policy Impact Analysis requirements for sunsetting instruments, APRA has certified that the Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book is operating effectively and efficiently.
Regulatory burden
No change in regulatory costs