The pace is certainly quickening. As I was just a little busy at the time, I missed posting on the release of new drafts of APSs 110 and 111 on 2 July.

Not much to say on them until I have had time to read them. The interesting thing to note is that they are now all bundled into one convenient package, rather than in several documents. Other than that, and for the moment, read them yourselves here:

Draft Prudential Standard APS 110 Capital Adequacy

Draft Prudential Standard APS 111 Capital Adequacy: Measurement of Capital

Discussion paper

Press Release

The prudential standards page should now be up to date, with the usual caveats, of course

E & OE.