The Australian Prudential Regulation Authority (APRA) has welcomed the newly released Capability Review report, supporting all 19 recommendations directed at APRA, with work already underway as part of the prudential regulator’s current corporate plan.
The report acknowledged APRA as a “high-quality” prudential supervisor that has been successful in delivering financial safety and financial stability of regulated entities, while at the same time noted the need for APRA “to expand its focus and capabilities to enable it to meet its mandate in the future.”
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