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APRA releases updated schedule of policy priorities for 2021

Friday 24 September 2021

The Australian Prudential Regulation Authority (APRA) has released a letter providing an updated schedule of policy priorities for the remainder of 2021, focusing on key reforms to strengthen financial resilience.

APRA's decision to reprioritise its annual policy agenda, released back in February 2021, intends to enable APRA-regulated entities to focus on implementing key policy reforms, as well as managing the impacts of COVID-19.  

The letter outlining APRA’s updated policy priorities can be found on the APRA website at: APRA policy priorities: Interim update.

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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 $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.