APRA proposes covered bond and new subordinated securitisation rules
- Tuesday, 08 November 2011
The Australian Prudential Regulation Authority (APRA) released a consultation document on November 8, setting out both its proposed full prudential standard for covered bonds and a tightening of rules on cross-bank holdings of subordinated securitisation tranches. APRA expects its full rules relating to covered bonds to come into effect in the first quarter of 2012.
