13 November 2018
These regulations would extend the operation of the Design and Distribution Obligations to additional financial products. This submission outlines the ABA’s concerns regarding some aspects of this proposal.
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The ABA welcomes the IGA review and is in general, supportive of its findings, draft recommendations and the draft options for improvement.
The ABA supports appropriate cost reflective funding of APRA. An adequately resourced regulator will ensure its regulatory mandate is undertaken in a timely and effective way.
The ABA supports APRA’s amendments to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226)
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