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APRA publishes submission on Fintech and Regtech

Tuesday 21 January 2020

The Australian Prudential Regulation Authority (APRA) has published its submission to the Senate Select Committee on Financial Technology and Regulatory Technology.
 
The submission outlines how APRA is evolving its regulatory framework and approach to support the developing FinTech and RegTech sector, while ensuring risks are appropriate managed in line with APRA’s mandate of financial soundness and stability.

The submission is available on the APRA website at: Submission to the Senate Select Committee on Financial Technology and Regulatory Technology.

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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.