❓ Hon Ken Travers questions the Minister for Housing regarding Keystart's capital adequacy policy, its review process, stress testing, and reserve amounts. The Minister provides details on the policy, review frequency, stress test results, and reserve holdings.
AnsweredQoN 764Legislative Council
QuestionView source ↗
KEYSTART
764. Hon KEN TRAVERS to the Minister for
Housing:
(1) What is Keystart's
current policy on reserves required to ensure capital adequacy?
(2) When was this policy last
reviewed and what changes were made to it?
(3) When was the capital adequacy of
Keystart's portfolio last stress tested and what was the result?
(4) How much was
held in reserves to meet Keystart's capital adequacy requirements on —
(a) 30 June 20l4;
(b) 30 June 2015; and
(c) 31 July 20l5?
764. Hon KEN TRAVERS to the Minister for
Housing:
(1) What is Keystart's
current policy on reserves required to ensure capital adequacy?
(2) When was this policy last
reviewed and what changes were made to it?
(3) When was the capital adequacy of
Keystart's portfolio last stress tested and what was the result?
(4) How much was
held in reserves to meet Keystart's capital adequacy requirements on —
(a) 30 June 20l4;
(b) 30 June 2015; and
(c) 31 July 20l5?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1) Keystart's
policy is to have a sufficient reserve to ensure capital adequacy. This policy
is applied through the internal capital adequacy assessment process framework,
with a target capital ratio expressed against risk-weighted assets.
(2) The ICAAP
will be reviewed at least annually by the board of directors. The target
capital ratio is adjusted as the risk profile changes. It has not changed since
the ICAAP was introduced in April 2015 to replace the previous policy of a
percentage range of the portfolio.
(3) The
portfolio was last stress tested in July 2015 based on March 2015 price
information. The review confirmed sufficient capital adequacy.
(4) Held in
reserve was —
(a) $268.7 million;
(b) $284 million;
and
(c) $292.4
million.
some notice of the question.
(1) Keystart's
policy is to have a sufficient reserve to ensure capital adequacy. This policy
is applied through the internal capital adequacy assessment process framework,
with a target capital ratio expressed against risk-weighted assets.
(2) The ICAAP
will be reviewed at least annually by the board of directors. The target
capital ratio is adjusted as the risk profile changes. It has not changed since
the ICAAP was introduced in April 2015 to replace the previous policy of a
percentage range of the portfolio.
(3) The
portfolio was last stress tested in July 2015 based on March 2015 price
information. The review confirmed sufficient capital adequacy.
(4) Held in
reserve was —
(a) $268.7 million;
(b) $284 million;
and
(c) $292.4
million.
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