APRA prudentially supervises authorised deposit-taking institutions having regard to the Basel Committee on Banking Supervision (BCBS).

Question

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This statement is true. APRA (Australian Prudential Regulation Authority) supervises authorised deposit-taking institutions in Australia in line with the standards set by the BCBS (Basel Committee on Banking Supervision). This includes implementing the Basel III framework, which includes prudential requirements for capital adequacy, liquidity, and leverage ratios.

APRA Prudentially Supervises Authorised Deposit-Taking Institutions Having Regard to the Basel