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In brief prepared remarks ahead of a panel discussion, Mr Lonsdale reflected on how APRA’s latest Corporate Plan was guiding its priorities in maintaining financial stability in an uncertain external environment.
In “Aftershock: lessons from a real-life banking stress test”, APRA Chair John Lonsdale outlined the steps APRA was taking to shore up financial system stability in response to the lessons learned from the global banking turmoil of earlier this year.
In “From fires to firewalls: the evolution of operational risk”, Ms McCarthy Hockey spoke about how the increasing dependence of banks, insurers and superannuation funds – and their customers – on technology is creating new risks that need to be managed to ensure critical financial services remain available.