2022-02-27
The regulator issues this Statement of Prudential Policy to outline its risk-based, proportionate, and collaborative approach to supervising banks, insurers, and financial market infrastructures. The document mandates a low-risk appetite for outcomes that could harm financial system health or public confidence while aiming to promote a sound, competitive, and diverse financial system. It further details proactive engagement with industry stakeholders and close coordination with other domestic and international regulatory bodies to minimize systemic impacts.