10 December 2021 - APRA provides update on Prudential Standard APS 220 Credit Risk Management

The Australian Prudential Regulation Authority (APRA) has provided an update on the implementation of APS 220 Credit Risk Management, to assist authorised deposit-taking institutions (ADIs) in meeting their new requirements.

Consistent with prior communications, ADIs will be required to meet the requirements of Prudential Standard APS 220 Credit Risk Management (APS 220) from 1 January 2022. The final standard was released by APRA in December 2019 and is available on the Federal Register of Legislation.

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