The Australian Prudential Regulation Authority has outlined its prudential policy priorities for 2018 in an extensive information discussion paper. As flagged in its July 2017 information paper on "unquestionably strong" capital, APRA is considering changes to its overall approach in a number of areas where its methodology is more conservative than minimum international requirements. If APRA proceeds in this direction, the outcome might change a number of capital prudential standards, although these would not affect the quantum of capital required, the Authority has confirmed. In early 2018, APRA said it would commence public consultation on associated changes to its prudential requirements for minimum ADI capital.  APRA expects to then commence a more detailed consultation phase with the credit risk capital prudential standards during 2018. Following this, in 2019, APRA will consult on revisions to the prudential standards for operational risk, interest rate risk in the banking book and market risk, and associated changes to reporting and public disclosure requirements. Given the need for extensive consultation, APRA said does not expect to finalise the suite of prudential standards until 2019 or later. APRA said it "expects to introduce a minimum leverage ratio requirement for ADIs, consistent with the Basel III framework".  APRA will commence consultation in early 2018, on: â€¢             finalising the prudential standard Prudential Standard APS 110 Capital Adequacy in late 2018 or early 2019, which will also address one of the recommendations of the FSI; â€¢             proposals to implement the FSI's recommendation on a framework for minimum loss-absorbing and recapitalisation capacity; and â€¢             finalising requirements for counterparty credit risk that were previously subject to consultation, for intended implementation in 2019. APRA will also undertake what it termed "a comprehensive post-implementation review of the remainder of the superannuation prudential and reporting frameworks."The prudential and reporting standards and associated guidance "have been in place for five years and such a review is timely, given the pace of change in the industry," it said.