The Australian Prudential Regulation Authority Press Releases

APRA to consult on targeted changes to CPS 230 for non-traditional service providers

The Australian Prudential Regulation Authority (APRA) will consult on targeted amendments to CPS 230 Operational Risk Management (CPS 230) by the end of 2025. This follows industry feedback highlighting challenges when applying the new standard’s …

APRA Member Suzanne Smith - Speech to Financial Services and ASX Sector Assurance Forum 2025

Key points “Technology has become ever more integrated into the business models of APRA-regulated entities, whether it be “tap and go” payments, super members accessing their balances on their phones or insurers using drones to assess property damage in …

APRA revises governance proposals following industry consultation

The Australian Prudential Regulation Authority (APRA) has provided an update on its consultation to modernise the prudential framework on governance for banks, insurers and superannuation trustees. In March, APRA proposed eight measures to update its cross …

APRA proposes more accessible pathway to IRB accreditation for banks

The Australian Prudential Regulation Authority (APRA) has proposed a simpler, clearer and more streamlined pathway for banks to become accredited to use the internal ratings-based (IRB) approach to calculating credit risk-weighted assets. The IRB method is …

APRA refines proposals to facilitate easier access to alternative reinsurance arrangements

The Australian Prudential Regulation Authority (APRA) has released a response paper outlining refinements to its proposed updates to the general insurance reinsurance framework. The changes aim to facilitate easier access to different forms of reinsurance, …

APRA confirms Westpac has met the obligations of the Court Enforceable Undertaking

The Australian Prudential Regulation Authority (APRA) has determined that Westpac Banking Corporation (Westpac) has completed a multi-year risk transformation program required by APRA and, consequently, APRA will remove the remaining $500 million capital …

Deputy Chair Margaret Cole - Remarks to the FSC Innovation in Retirement conference

It’s a pleasure to be here and to have this opportunity to discuss APRA’s priorities for superannuation as the industry transitions to the retirement phase. This is one of my first public speaking engagements since the announcement of my decision to leave …

APRA launches Innovate Reconciliation Action Plan 2025-27

The Australian Prudential Regulation Authority (APRA) has released its Innovate Reconciliation Action Plan (RAP) for the period October 2025 to September 2027. This is APRA’s second Innovate RAP and third RAP since 2017.    The latest Reconciliation Action …

APRA Executive Board Member Suzanne Smith - Remarks to the ICA conference 2025

Introduction Good morning and thank you for the invitation. It's a pleasure to return to the ICA conference for my third address. I’m pleased to be here with my ASIC colleague, Commissioner Alan Kirkland. The theme of futureproofing Australia in a …

Opening Statement to Senate Economics Legislation Committee – October 2025

  Thank you for the opportunity to appear before you today. I’d like to begin by acknowledging the new members of this Committee, particularly Chair Senator Darmanin and Deputy Chair Senator Hume. APRA looks forward to continuing to work with the Committee …

APRA disqualifies two directors of Xinja Bank under Financial Accountability Regime

The Australian Prudential Regulation Authority (APRA) has disqualified the former CEO of Xinja Bank (Xinja) and one other director from being or acting as accountable persons of any authorised deposit-taking institution (ADI)1 under the Financial …

APRA highlights strategic challenges for some trustees in promoting member outcomes over the longer term

The Australian Prudential Regulation Authority (APRA) has published insights into challenges facing some superannuation trustees in operational efficiency, growth, and competitive positioning. In the paper “Delivering member outcomes into the future”, APRA …

APRA releases Monthly Authorised Deposit-taking Institution Statistics for August 2025

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Statement on Deputy Chair Margaret Cole

The Australian Prudential Regulation Authority (APRA) notes the Treasurer’s announcement today of his intention to advertise for the position of APRA Deputy Chair after Deputy Chair Margaret Cole advised the Treasurer of her intention to leave APRA at the …

APRA releases notes on Superannuation CEO Roundtable - August 2025

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are releasing the public notes on the Superannuation CEO roundtable held on Wednesday 27 August 2025. The roundtable was hosted by APRA …

APRA responds to consultation on minor proposals for instruments relating to section 66 of the Banking Act

The Australian Prudential Regulation Authority (APRA) has released a response to the consultation on a set of minor proposals for instruments relating to section 66 of the Banking Act 1959. APRA’s proposals pertained to section 66 exemption and …

APRA releases annual private health insurance coverage survey

The Australian Prudential Regulation Authority (APRA) has released its annual private health insurance coverage survey publication for the December 2024 reference period. The Private Health Insurance Annual Coverage Survey provides a snapshot of the number …

Therese McCarthy Hockey’s opening remarks to FINSIA’s The Regulators

Good afternoon. In preparing to speak here today, I was looking through your website and saw the FINSIA members’ aspirations of professionalism, integrity, and high standards. Like you, regulators seek to perform our roles to the highest level, which for …

APRA releases quarterly authorised deposit-taking institution statistics for June 2025

The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly ADI Property Exposures publications for the quarter ending 30 June 2025. Key statistics for ADIs1 for …

APRA publishes June 2025 edition of Quarterly Superannuation Industry Publication, Fund-level and Product Statistics