APRA has the power to issue prudential standards which have the force of law.

Strengthen prudential and supervisory standards in the banking and insurance sectors.

In the same way, the Basel 2 prudential standards are themselves procyclical.

In the same way, the Basel 2 prudential standards are themselves procyclical.

We're trying to put supervisory standards on the same level.

And yet the urgency for a revision of prudential standards is also imposed.

We’re trying to put supervisory standards on the same level.

In the same way, the Basel 2 prudential standards are themselves procyclical.

Prudential, accounting and financial standards = the rule of Home Country Control

Standardized models are developed by the Basel Committee.

Capital adequacy standards are laid down by the Basel Committee.

Area indicates a need for tighter building codes and the adoption of

(53) An internal market for institutions requires mutual recognition of prudential standards.

Basel Committee issues a consolidated version of its standards

An internal market for IORPs requires mutual recognition of prudential standards.