Australian Restricted Bank License Framework

APRA information paper describes its Restricted Bank License framework allowing eligible new entrants two years to meet the full prudential regime

Australian Prudential Regulation Authority information paper sets out APRA's Restricted Bank License framework, including: i) guidelines for eligibility; ii) minimum and ongoing requirements for Restricted ADIs; iii) application of the prudential framework; and iv) allowable business during the restricted phase. Provides an explanation of what applicants can expect when entering into and progressing through the licensing process and APRA's expectations at each stage.

Publisher: National Regulators     Country: Australia

Type: Consultative, discussion and issues paper

Topics: Licensing

Sectors: Banking