Regulatory Alerts2020-12-08
Added · Updated
APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk
The Australian Prudential Regulation Authority issued Prudential Standard APS 115 to require authorised deposit-taking institutions to maintain adequate capital against operational risk exposures. The standard mandates that eligible institutions calculate their capital charge using a Standardised Measurement Approach based on the business indicator, replacing previous advanced measurement approaches. This framework applies generally from 1 January 2022, with a delayed commencement for institutions holding prior advanced measurement approvals until 1 January 2023.
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