APRA 2020-2024 Corporate Plan
The Australian Prudential Regulation Authority (APRA) has published its 2020-2024 Corporate Plan, which has been updated to account for the substantial impact of the COVID-19 pandemic.
APRA’s Corporate Plan continues to be founded on delivering four key community outcomes over the planning horizon:
- maintaining financial sector resilience;
- improving outcomes for superannuation members;
- transforming governance, culture, remuneration and accountability across all regulated institutions; and
- improving cyber resilience across the financial system.
APRA remains committed to delivering on these outcomes, as well as the recommendations of the Royal Commission and Capability Review, as soon as is practicable.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.