Client Alert
APRA set credit risk provisioning expectations for ADIs
Today, APRA shared a letter outlining their expectations regarding credit risk provisioning for ADIs. Its focus includes robust model risk management, ongoing sensitivity analysis to navigate economic fluctuations, and the development of systematic procedures for identifying and addressing sector-specific risks – particularly in the context of AASB 9 Financial Instruments.
Partner – Transaction Advisory Services
Corporate Finance
Neil commenced in the accountancy profession in 1988 and joined Grant Thornton, Sydney in October 2000. Neil has approximately 25 years’ experience in Corporate Finance and became a Partner in 2004.
Neil leads the national Transaction Advisory Services team supporting private equity and corporate clients on acquisitions, divestments and listings across Australia. Neil is the Australian representative on the Grant Thornton International Transaction Advisory Services Strategy Committee and is the contact point supporting international and domestic clients making acquisitions in Australia.
Qualifications
- Fellow of the Association of Chartered Certified Accountants
- Affiliate member of the Institute of Chartered Accountants in Australia
- Director and authorised representative of Grant Thornton Corporate Finance Pty Limited (AFSL 247140)
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