News and Publications

In a letter to industry, APRA has called for a step-change in how banks, insurers and superannuation trustees manage AI-related risks as it warns that governance, risk management, assurance and operational resilience practices are not keeping pace with AI adoption.

APRA has finalised targeted amendments to prudential standard CPS 230, prudential practice guide CPG 230, and the corresponding Material Service Provider Register Template.

The Australian Prudential Regulation Authority (APRA) is seeking feedback on proposed amendments to Reporting Standard LRS 112.3 Related Party Exposures (LRS 112.3), Reporting Standard LRS 114.2 Derivatives Activity (LRS 114.2) and Reporting Standard LRS 114.3 Off-balance Sheet Business (LRS 114.3).