Banking, Insurance, Life Insurance, Health Insurance and Superannuation (prudential standard) determination No. 4 of 2023
Capabilities for resolutionCapabilities for resolution
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Capabilities for resolution
- An APRA-regulated entity must establish and maintain the capabilities required to support the resolution plan. These include:
(a) resolution governance arrangements;
(b) operational capabilities;
(c) financial management;
(d) data and systems; and
(e) where appropriate, a restructuring plan.
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APRA may require an APRA-regulated entity to establish and maintain additional capabilities if necessary to support the resolution plan.
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APRA may adjust the prudential requirements of an APRA-regulated entity where barriers to resolution are not addressed or where capabilities to support the resolution plan are insufficient, including changes to capital requirements where relevant.