The Australian Prudential Regulation Authority (“APRA”) has recently announced its key focus supervision and policy areas for 2023. APRA’s prudential policies and supervision activities support its purpose to ensure the financial interests of Australians are protected and the financial system is stable, competitive, and efficient. APRA aims to identify and respond to significant risks to financial institutions and the financial system in a proactive manner.
We’ve set out in a handy print and keep guide, what APRA is focussing on for 2023 and how licensees can ensure that they are prepared. Please click here to access it.
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