APRA Archives - Page 3 of 3 - The Industry Spread

APRA releases new Enforcement Approach

April 18, 2019

The Australian Prudential Regulation Authority (APRA) has released details on the future role and use of enforcement activities in achieving its prudential objectives.

APRA Welcomes IMF Report on Australian Financial System

March 4, 2019

The Australian Prudential Regulation Authority (APRA) welcomes the IMF’s Financial Sector Assessment Program (FSAP) report on Australia [1], which concluded that the Australian financial system has been further strengthened since the IMF’s previous assessment in 2012. The 2018 FSAP underscores the strength and resilience of the Australian financial system.

APRA Update on Implementation of Royal Commission Recommendations

February 15, 2019

The Royal Commission has recommended a strengthening of APRA’s prudential and supervisory framework in a number of areas. APRA is committed to implementing the recommendations expeditiously. There are 10 recommendations requiring APRA’s direct attention. Of the 10, it is expected that nine will be completed by the end of 2020; of those, four are expected to be completed in 2019. The attached table provides a short description of APRA’s response to each of the recommendations specifically assigned to it.