APS 221 Large Exposures

Banking (prudential standard) determination No. 4 of 2019

This is a prudential regulatory instrument issued under the Banking Act 1959 in Australia, focusing on controlling large exposures and risk concentrations within the banking sector. It includes provisions for boards, measurement, limits, and notification requirements related to large exposures.

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Overview

Banking (prudential standard) determination No. 4 of 2019, administered by the Australian Department of the Treasury, establishes requirements under the Banking Act 1959 for managing large exposures in the banking industry. The document provides detailed guidance for boards and institutions, including methods for identifying, measuring, and setting limits on significant risk concentrations and large exposures. It outlines mandatory notification and approval procedures for any deviations from specified limits, along with adjustments and exclusions. The standard applied from December 9, 2019, until it ceased to be in force on December 31, 2022.

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