Banking (prudential standard) determination No. 8 of 2022 (Cth)

Banking (prudential standard) determination No. 8 of 2022

Prudential Standard APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk

Banking Act 1959 I, Renée Roberts, a delegate of APRA:

(a) under subsection 11AF(3) of the Banking Act 1959 (the Act) REVOKE Banking (prudential standard) determination No. 7 of 2012 including Prudential Standard APS 114 Capital Adequacy: Standardised Approach to Operational Risk made under that determination; (b) under subsection 11AF(3) of the Act REVOKE Banking (prudential standard) determination No. 8 of 2012 including Prudential Standard APS 115 Capital Adequacy: Advanced Measurement Approaches to Operational Risk made under that determination; (c) under subsection 11AF(3) of the Act REVOKE Banking (prudential standard) determination No. 6 of 2020 including Prudential Standard APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk made under that determination; and (d) under subsection 11AF(1) of the Act DETERMINE Prudential Standard APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk in the form set out in the schedule, which applies to ADIs and authorised NOHCs to the extent provided in paragraphs 2 to 4 of the prudential standard. This instrument commences on 1 January 2023.

Dated: 1 December 2022

[Signed]

Renée Roberts Executive Director Policy and Advice Division Interpretation In this instrument:

APRA means the Australian Prudential Regulation Authority.

ADI and authorised NOHC have their respective meanings given in section 5 of the Act.

Schedule

Prudential Standard APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk comprises the document commencing on the following page.

Prudential Standard APS 115