APRA

Treasurer Jim Chalmers's new Statement of Expectations tells APRA and ASIC to back growth, not just guard against risk. The UK gave its regulators the same mandate in 2023 — and a 2025 Lords inquiry found it hadn't shifted the culture at all. Here's what Australian boards should watch for.

Partnered Health took 22 days to tell patients a hacker had accessed Medicare numbers, pathology results and DVA details across sixteen clinics, while the OAIC now examines whether the delay itself breached the law. New 2026 Allianz Risk Barometer data shows why every organisation should be watching: cyber, AI and political risk are converging faster than most operating models can absorb.

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.

The Eagle S tanker's severing of the Estlink 2 power cable, Allianz's 2026 Risk Barometer finding that only 3% of firms see their supply chains as "very resilient," and the Bank of England PRA's move to incident-level reporting all show the same thing: macro and geopolitical risk stops being theoretical the moment it forces a real business decision. Here's what a mature operating model needs to prove.

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.

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.