Banking (prudential standard) determination No. 3 of 2006 - Prudential Standard APS 110 - Capital Adequacy
Notification requirementsNotification requirements
Start here
Get a plain-English read of Notification requirements
Turn the raw legal text into a practical explanation grounded in Banking (prudential standard) determination No. 3 of 2006 - Prudential Standard APS 110 - Capital Adequacy.
Notification requirements
- An ADI must inform APRA immediately of:
(a) any breach of the minimum capital adequacy requirements under paragraphs 9 and 10 and any potential breach of these requirements (e.g. breaches of trigger ratios), including remedial actions taken/planned to deal with the problem; and
(b) any concerns it has about its capital adequacy (whether at Level 1, 2 or 3), along with proposed measures to address these concerns.