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March 1, 2024
Finance Technologies

Australia’s regulator flags new internal bank stress-testing framework

Australia’s prudential regulator is developing a new stress testing framework for the country’s banks after a review showed they needed to improve their internal systems. According to Reuters, the Australian Prudential Regulation Authority (APRA) said the new internal testing framework would be developed at the same time as the regulator moves to its own annual stress-tests from the previous three-yearly checks. APRA notes that its review of 28 banks, which was conducted by self-assessments from the banks, had found “areas for ongoing improvement in stress testing.” APRA will consult the industry on the development of the framework in the second…
Australia’s regulator flags new internal bank stress-testing framework

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