APRA APS 222: Associations with Related Entities Standard
The objective of this Prudential Standard is that authorised deposit-taking institutions identify, monitor and control contagion risks arising from their associations and dealings with related entities and those creating step-in risk.
The key requirements of this Prudential Standard are that an authorised deposit-taking institution must:
• have a Board-approved policy that governs its associations and dealings with its related entities;
• identify, monitor, manage and control potential contagion risk between the authorised deposit-taking institution and its related entities and step-in risk entities;
• meet minimum requirements with respect to dealings with related entities and step-in risk entities which may give rise to prudential concerns; and
• maintain exposures to related entities within limits.
Getting StartedClick "Book a demo" and our team will provide you with an overview of our content library within the 6clicks GRC platform.
|Type||Laws or related obligations|