Tag: banking licence

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APRA proposes reforms to the ADI Licencing Regime

APRA proposes reforms to the ADI Licencing Regime

By Jim Bulling and Felix Charlesworth

On 15 August 2017, the Australian Prudential Regulating Authority (APRA) published a discussion paper entitled Licensing: A phased approach to authorising new entrants to the banking industry. The Discussion Paper proposes changes to APRA’s licensing framework with the introduction of a new restricted ADI licences regime.

This phased approach enables entrants who require time to build resources and capabilities, such as fintech start-ups, to conduct banking related business by reducing conventional barriers to entry such as the requirement to hold at least $50 million in start-up capital.

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