APRA releases its 2021 Year in Review
The Australian Prudential Regulation Authority (APRA) has released its 2021 Year in Review. Following a second successive year impacted by COVID-19, the publication outlines how APRA continued responding to the pandemic, while pushing ahead with important reforms aimed at reinforcing the stability of the Australian financial system.
The 2021 Year in Review provides APRA’s view on the broader financial environment and outlines how APRA delivered on the priorities and objectives set out in its Corporate Plan across the banking, insurance and superannuation industries. It also contains metrics for APRA-regulated industries, including analysis of industry composition, profitability and financial strength.
The 2021 Year in Review document supplements APRA’s Annual Report and Financial Statements, which are submitted to the Australian Government after the end of each financial year (to June 30).
An accessible version of the 2021 Year in Review is available at: APRA 2021 Year in Review.
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For more information contact APRA on 1300 558 849.
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.