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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
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