Banking, Insurance, Life Insurance, Health Insurance and Superannuation (prudential standard) determination No. 4 of 2023
Role of the BoardRole of the Board
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Role of the Board
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The Board of an APRA-regulated entity must support APRA in resolution planning and is ultimately responsible for ensuring that the entity meets the requirements of this Prudential Standard. The Board must ensure that there are clear roles and responsibilities at a senior executive level for the purpose of meeting the requirements in this Prudential Standard.
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The Board must provide oversight of and approve, where applicable:
(a) a resolvability assessment; and
(b) a pre-positioning plan.