Some concessions on securitisation exposures headline APRA's final APS 120 draft

The Australian Prudential Regulation Authority (APRA) released the final draft version of the new prudential standard APS 120 – the regulatory framework for securitisation – on November 10, following industry consultation. Changes to the last draft are limited, and focus mainly on adding flexibility at the margin on capital deductions, funding-only securitisations and warehouse capital relief.