As public interest in the regulation of the financial system has grown, APRA has sought to enhance its own transparency, external communications and collaboration, making improvements in these areas a key strategic priority in APRA’s Corporate Plan.
In that spirit, this new annual publication is designed to highlight the actions and decisions APRA has taken over the past year to fulfil its mandate to protect the financial wellbeing of the Australian community.
What's covered in this publication
With a focus on the functioning of Australia’s financial system and the prudential foundations on which it is based, this publication outlines APRA’s perspective on the financial environment and the key issues that have faced the banking, insurance and superannuation sectors in 2019.
Year in Review also provides financial metrics for the industries APRA regulates, with analysis of industry composition, profitability and financial strength.
Finally, it looks at developments within APRA throught the year, including how it is building its own capabilities. The Year in Review supplements APRA’s Annual Report and Financial Statements which are submitted to the Australian Government after the end of each financial year (to June 30).
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, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.
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