Regulatory Alerts3PG 222 Intra-Group Transactions and Exposures
The Australian Prudential Regulation Authority issues this Prudential Practice Guide to provide guidance to Level 3 Heads on complying with Prudential Standard 3PS 222 regarding intra-group transactions and exposures. The document requires Boards to establish robust governance frameworks, including an ITE policy, to identify, measure, and manage contagion risks arising from financial and operational interconnections within the group. It further mandates that Level 3 Heads maintain high-quality data capabilities and implement comprehensive risk reporting mechanisms to ensure timely and accurate oversight of material exposures by decision-makers.
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