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  "documentTitle": "morgan stanley virtual hk summit march 2022",
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      "text": "1. A 12-month period of transition to 1 Jan 23 in relation to APS 222 was granted to MBL by APRA on 25 Nov 21. 2. 'APRA finalises new bank capital framework designed to strengthen financial system resilience'; 29 Nov 21. 3. This estimate includes the impact of finalised standards for APS 110, 112, 113 and 115. Assumes a default level Australian CCyB of 1.0%, which combined with the increase in the CCB of 1.25% gives rise to an increase in the regulatory minimum of 1.78% based on Macquarie's business and geographic mix as at 30 Sep 21. Also, assumes a weighted average mortgage LGD of 15% (mid-point between the existing 20% floor and post-reform 10% floor). LGDs may be more or less than 15% and will be subject to APRA approval with each 1% change in the weighted average LGD expected to have a ~$A0.12b impact on the capital surplus. 4. 'APRA releases updated timelines on the Basel Committee standards'; 27 Oct 21. 5. CPS 190 - Financial Contingency Planning and CPS 900 - Resolution Planning, outlined in 'APRA moves to strengthen crisis preparedness in banking, insurance and superannuation'; 2 Dec 21. 6. 'APRA releases final remuneration standard'; 27 Aug 21. 7. 'APRA finalises guidance for new prudential standard on remuneration'; 18 Oct 21.",
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      "text": "On 2 Dec 21, APRA commenced consultation on two new prudential standards to strengthen the preparedness of APRA-regulated entities to respond to future financial crises.",
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      "text": "On 27 Oct 21, APRA provided an update on the extended timelines for revisions and implementation of market risk prudential standards including APS 117...",
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      "text": "Update on prudential standards\nAPRA has finalised or is in the process of implementing changes to a number of prudential standards. Macquarie notes the following key updates:",
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      "text": "Macquarie has ongoing programs which focus on strengthening MBL's processes and controls...",
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      "text": "On 29 Nov 21, APRA finalised its new bank capital framework... estimated pro forma impact on MGL's capital surplus above regulatory minimums as at 30 Sep 21 is a reduction of ~$A2.2b",
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      "text": "Macquarie continues to respond to requests for information about its historical activities as part of the ongoing, industry-wide investigation in Germany relating to dividend trading.",
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      "text": "On 1 Apr 21, APRA announced actions required regarding MBL's risk management practices... APRA increased MBL's operational risk capital requirement...",
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      "text": "On 27 Aug 21, APRA released a finalised Cross-industry Prudential Standard Remuneration (\"CPS 511\")...",
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      "text": "capital surplus impact: $2.2bn",
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