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Section 11B - Banking Act 1959 - APRA to monitor prudential matters — Zoe

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Banking Act 1959

11BAPRA to monitor prudential matters

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#### 11B APRA to monitor prudential matters The functions of APRA include: (a) the collection and analysis of information in respect of prudential matters relating to ADIs and authorised NOHCs; (b) the encouragement and promotion of the carrying out by ADIs and authorised NOHCs of sound practices in relation to prudential matters; and (c) the evaluation of the effectiveness and carrying out of those practices.

Previous section11APrudential requirements may also be prescribed by the regulations Next section11CDivision not to limit operation of other provisions