The Australian Prudential Regulation Authority (APRA) has been advised today by the National Australia Bank of approximately A$180 million in losses relating to unauthorised trading in foreign exchange options.

APRA is currently examining the matter.

The Australian Prudential Regulation Authority Act 1998 prevents APRA from making any further statements in relation to the matter at this point in time.


The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies, and most members of the superannuation industry. APRA is funded largely by the industries that it supervises. It was established on 1 July 1998. APRA currently supervises institutions holding approximately $1.7 trillion in assets for 20 million Australian depositors, policyholders and superannuation fund members.

Media and industry inquiries only:	Sue Morey Head of Public Affairs Australian Prudential Regulation Authority Telephone: 02 9210 3384 Mobile: 0438 124 524
All other inquiries:	APRA Contact Centre 1300 131 060