CTHIn ForceLegislation
Banking (prudential standard) determination No. 5 of 2024
Requirements for SFIsRequirements for SFIs
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Requirements for SFIs
- An SFI must prudently manage IRRBB with a management framework and governance arrangements that satisfy the requirements set out in the remainder of this Prudential Standard.
- An SFI that has sought approval from APRA to become an IRB ADI must also apply for IRRBB model approval.
- An IRB ADI must hold adequate capital for its IRRBB and must determine its IRRBB capital charge at least quarterly.
- For a standardised ADI, the IRRBB capital charge is zero unless APRA determines otherwise.