Introduction

For some time, APRA and the financial institutions we regulate have been working to improve the financial sector’s resilience to cope with the impact of a potential human influenza pandemic. The focus has been on highlighting good practice, identifying industry-level issues and assessing potential financial impacts on regulated institutions. While not wanting to overstate the likelihood of a pandemic occurring in Australia, APRA's interest is in ensuring that regulated institutions have conducted prudent and reasonable planning to meet core obligations to depositors, policyholders and other beneficiaries.

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