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APRA launches review and updates priorities for data collections roadmap

The Australian Prudential Regulation Authority (APRA) has published a letter outlining plans to commence the first annual review of its data directions roadmap.

The roadmap, initially released in March last year, lays out a five-year plan for transforming APRA’s approach to collecting financial industry data from the entities it regulates.

The letter also provides additional clarity on APRA’s near-term data priorities to help entities prepare for ongoing engagement and consultation.

The letter is available on the APRA website at: Review of data collections roadmap.

Data collection

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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.