APRA

APRA has released final targeted amendments to CPS 230 Operational Risk Management. The item is current and sits within APRA’s prudential framework, so boards and risk teams should treat it as a live governance and…

APRA's inaugural System Risk Stress Test found four major banks and six super funds individually resilient, but exposed concentration risk and a super-fund liquidity mechanism that could amplify a system-wide shock.

APRA's finalised reinsurance framework eases access to catastrophe bonds and shifts capital-treatment decisions to the appointed actuary, changing what boards need to evidence before the 1 January 2027 start date.

APRA has entered the final phase of its governance reform, releasing a unified CPS 510 standard that replaces five prudential standards and raises the bar for board independence, conflicts management, and fit and proper obligations. With a 2028 effective date and consultation closing August 2026, banks, insurers, and super funds need to start their gap analysis now.

APRA has flagged a need for a step-change in AI-related risk management and governance across banks, insurers and superannuation trustees, indicating a sharper prudential focus on emerging technology risk.

The Financial Accountability Regime (FAR) represents a transformative step forward, impacting APRA-regulated entities within banking, insurance, and superannuation sectors, as well as their directors and top executives.