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Quarterly Statement by the Council of Financial Regulators

Monday 23 March 2020

The Council of Financial Regulators (CFR) has been meeting frequently in recent weeks and will continue to do so for the foreseeable future. 

It held its regular quarterly meeting on Friday 20 March. A copy of its latest statement is available on the CFR website at: 




Council of Financial Regulators, COVID-19

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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 $7.7 trillion in assets for Australian depositors, policyholders and superannuation fund members.