APRA's 2021 Supervision and Policy Priorities
The Australian Prudential Regulation Authority (APRA) has released its policy and supervision priorities for the coming year. Consistent with APRA’s strategic objectives detailed in its Corporate Plan, a key focus is to further enhance the resilience and crisis readiness of Australia’s financial system.
APRA suspended much of its planned policy and supervision agenda in March 2020 in order to prioritise activities to respond to the impacts of COVID-19. The agenda recommenced in late 2020 at the point when APRA and its regulated entities had sufficient capacity.
Delivering APRA’s proposed policy and supervision priorities for the coming 12 to 18 months requires working closely with peer regulators to deliver efficient, proportionate regulation that facilitates a resilient, competitive and innovative financial sector, able to support the recovery from the impacts of COVID-19.
The complete media release related to these publications is available here.
Copies of APRA's Policy and Supervision Priorities are available below:
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Contact APRA Media Unit, on +61 2 9210 3636
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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.