Question: APRA is Australias prudential regulator and is tasked with overseeing the banks and the safety and soundness of the banking system. (Total 25 marks) a.

APRA is Australias prudential regulator and is tasked with overseeing the banks and the safety and soundness of the banking system. (Total 25 marks) a. Outline APRAs PAIRS and SOARS systems. What is the purpose of these systems (20 marks) b. Why is capital adequacy so important to banks? (5marks)

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