I'm trying to understand what SFI, or Significant Financial, actually means. I want to know its definition, relevance, and possibly some examples to help me grasp the concept better.
7 answers
TimeRippleOcean
Mon Nov 04 2024
Group membership is another aspect that APRA considers when determining SFIs.
Raffaele
Mon Nov 04 2024
The criteria for inclusion in this list is based on the total assets of life companies.
Enrico
Mon Nov 04 2024
As per the source date, life companies with assets exceeding AUD $10 billion are considered SFIs.
Martina
Mon Nov 04 2024
The determination of SFIs is not solely based on asset size.
Tommaso
Mon Nov 04 2024
APRA also takes into account other factors such as the complexity of operations.