Federal Register of Legislation
Banking (prudential standard) determination No. 5 of 2024
Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book
Banking Act 1959
I, Therese McCarthy Hockey, a delegate of APRA:
(a) under subsection 11AF(3) of the Banking Act 1959 (the Act) REVOKE Banking (prudential standard) determination No. 4 of 2024 including Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) made under that determination; and
(b) under subsection 11AF(1) of the Act DETERMINE Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book in the form set out in the attached 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 October 2025.
Dated: 17 September 2024
Therese McCarthy Hockey APRA Member Interpretation In this instrument:
APRA means the Australian Prudential Regulation Authority.
ADI and authorised NOHC have their respective meanings given in the Act.
Schedule
Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book comprises the document commencing on the following page.
Prudential Standard APS 117
Capital Adequacy: Interest Rate Risk in the Banking Book
Objective and key requirements of this Prudential Standard
This Prudential Standard sets out the requirements that an authorised deposit-taking institution must meet to ensure it prudently manages interest rate risk in the banking book.
The key requirements of this Prudential Standard are that an authorised deposit-taking institution must:
have a framework to manage, measure and monitor interest rate risk in the banking book, commensurate with the nature, scale and complexity of its operations; and
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