APRA gives covered bonds regulatory rubber stamp, with full rules to follow
- Thursday, 20 October 2011
The Australian Prudential Regulation Authority (APRA) sent a letter to all Australian authorised deposit-taking institutions (ADIs) on October 20, confirming the removal of the regulatory prohibition on their issuance of covered bonds. APRA expects to produce a new prudential standard for covered bonds, but confirms in its letter that issuance will be allowed in advance of that standard being finalised.
