March 18 (Reuters) - Australian Prudential (LON:PRU) Regulation Authority (APRA):
* AUSTRALIA'S APRA UPDATES LICENSING APPROACH FOR NEW BANKING ENTRANTS
* COMMENCED CONSULTATION ON UPDATED APPROACH TO LICENSING & SUPERVISING NEW AUTHORISED DEPOSIT-TAKING INSTITUTIONS
* RESTRICTED ADIS MUST ACHIEVE LIMITED LAUNCH OF INCOME-GENERATING ASSET PRODUCT, DEPOSIT PRODUCT BEFORE BEING GRANTED ADI LICENCE
* NEW BANKING ENTRANTS EXPECTED TO HAVE MORE ADVANCED PLANNING FOR POTENTIAL EXIT, INCLUDING FOCUS ON RETURN OF DEPOSITS AS AN OPTION