Banking, Insurance, Life Insurance, Health Insurance and Superannuation (prudential standard) determination No. 4 of 2023
Resolvability assessmentResolvability assessment
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Resolvability assessment
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APRA may require an APRA-regulated entity to conduct a resolvability assessment to assess the feasibility of resolution options. The resolvability assessment must be conducted by personnel with appropriate skills and experience.
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For each resolution option, the resolvability assessment must assess:
(a) any legal, structural, operational or regulatory barriers to implementation;
(b) timelines for implementation;
(c) any execution risks; and
(d) pre-positioning measures required to effectively execute the option.
- APRA may require an APRA-regulated entity to have the resolvability assessment independently reviewed.