Banking, Insurance, Life Insurance, Health Insurance and Superannuation (prudential standard) determination No. 4 of 2023
Resolution planningResolution planning
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Resolution planning
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APRA may determine a bespoke resolution plan for an APRA-regulated entity or APRA-regulated entities, setting out the steps that APRA may take to protect beneficiaries and maintain critical functions in the event of a resolution. Resolution options may include a wind-down, transfer, or recapitalisation of an entity.
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An APRA-regulated entity must support APRA in the development and maintenance of a resolution plan.
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An APRA-regulated entity with overseas operations must support the development and maintenance of cross-border components of the resolution plan.