APRA unveils digital Prudential Handbook | Australian Broker News
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APRA unveils electronic Prudential Handbook
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APRA has launched its new electronic Prudential Handbook, aimed toward modernising and simplifying regulatory compliance for economical entities.
Modernising prudential necessities
APRA’s new electronic Prudential Handbook consolidates all prudential expectations, recommendation, and supporting particulars right into a one, conveniently navigable electronic format.
This shift is portion of APRA’s strategic initiative to modernise the prudential structure (MPA), incomes the framework extra easy, clearer, and rather more adaptable.
“The prime goal we’ve got been functioning within the route of is a digital framework that shall be easier for the enterprise to have an understanding of and adjust to, and for APRA to oversee and retain – and finally to raised safe Australians’ monetary pursuits,” stated APRA Chair John Lonsdale (pictured earlier talked about), in a letter to APRA-controlled entities.
Key options of the Prudential Handbook
The Prudential Handbook incorporates many important capabilities:

Greater regulation: Enhancing the type and design of the framework by structuring it in very clear pillars, and rationalising and consolidating necessities and steerage the place possible.
Electronic-first resolution: Utilising engineering to assist rather a lot simpler acquire and administration of necessities, recommendation, and plan particulars.
New hazards, new pointers: Creating APRA’s tactic to rising likelihood areas in a cohesive and built-in method with present requirements.
Facilitating business adaptation
APRA applications for the handbook to function in parallel with the newest APRA website for a number of months to ensure a clean transition for managed entities.
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