Basel Committee on Banking Supervision (BCBS)

The BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.

APRA Involvement

APRA is actively involved in all levels of the BCBS as the lead Australian agency. We are members of the Governors and Heads of Supervision (GHOS) and main BCBS committee, as well as “level 2” groups including the Policy and Standards Group (PSG), Risks and Vulnerabilities Assessment Group (RVG), Supervisory Cooperation Group (SCG), and a wide range of “level 3” working groups and task forces.

Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP)

EMEAP brings together central banks and prudential regulators in the east Asia-Pacific region to discuss issues relevant to monetary policy, financial markets, financial stability and payment systems. Its members are Australia, China, Hong Kong SAR, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Thailand.

APRA Involvement

APRA is a regular participant at all levels: Governors and Heads of Supervision (GHOS) meetings, Working Group on Banking Supervision (WGBS) meetings and High-Level meetings (HLM). We work with the Reserve Bank of Australia (RBA) and coordinate where appropriate as we both continue our engagement with EMEAP.

Financial Stability Board (FSB)

The FSB promotes international financial stability by coordinating national financial sector authorities and international standard-setting bodies as they develop strong regulatory, supervisory and other financial sector policies. It also plays a central role in identifying and assessing evolving global trends and risks, and fosters a level playing field by encouraging coherent implementation of these policies across sectors and jurisdictions.

APRA Involvement

APRA is a member of the FSB Standing Committee on Supervisory and Regulatory Cooperation (SRC), as well as a small number of working groups such as the FSB Resolution Steering Group (ReSG). APRA is not a member of the FSB Plenary, but coordinates with Australia’s representatives (Treasury and the RBA) as necessary.

International Association of Insurance Supervisors (IAIS)

The IAIS is the global standard-setting body responsible for developing and assisting in the implementation of principles, standards and guidance for the supervision of the insurance sector. The IAIS’s mission is to promote effective and globally consistent supervision of the insurance industry to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders, and to contribute to global financial stability.

APRA Involvement

APRA is a member of the IAIS Executive Committee (ExCo) and Chair of the Audit and Risk Committee. APRA is also a member of the IAIS’s Policy Development Committee, Macroprudential Committee, Fintech Forum, and a range of other working groups and taskforces.

International Organisation of Pension Supervisors (IOPS)

IOPS aims to set international standards on pension supervisory issues, whilst taking into account the variety of different pension systems in various jurisdictions. The major goal of IOPS is to improve the quality and effectiveness of the supervision of private pension systems throughout the world, thereby enhancing their development and operational efficiency, and allowing for the provision of a secure source of retirement income in as many jurisdictions as possible.

APRA Involvement

APRA is a member of the IOPS Executive Committee and the Working Party on Private Pensions (WPPP). APRA also provides input into papers, provides training via online workshops and shares best practice and experiences via periodical surveys.

Network for Greening the Financial System (NGFS)

The NGFS is a forum of central banks and supervisors which collaborates on responding to the financial risks arising from climate change by exchanging best practice and publishing tools and guidance. The NGFS is not a standard-setting body and its work has provided a useful reference point on climate-related risks for the BCBS and IAIS. It has grown from eight founding members in 2017 to 145 members in 2025 from over 90 different countries. Areas of focus include integrating climate and nature-related risks into financial stability monitoring and supervision, development of climate risk scenarios (both long-term and, more recently, short term) and data and metrics that are relevant to the management of financial risks arising from climate change.

APRA Involvement

APRA is a member of the NGFS alongside the RBA and participates in a number of NGFS workstreams. APRA has also co-chaired the NGFS Task Force on Adaptation, which published the Conceptual Note on Adaptation in November 2024. APRA also contributed to a paper to the G20 Sustainable Finance Working Group on Adaptation in Transition Plans for the G20 meeting in June 2025.

Trans-Tasman Council on Banking Supervision (TTBC)

The TTBC provides a platform for cooperation and information sharing between the respective regulators of the banking sectors in Australia and New Zealand. It supports the development of a single economic market in banking services and promotes a joint approach to trans-Tasman banking supervision that delivers a seamless regulatory environment. It considers issues relating to financial stability, efficiency and integration throughout the financial sector, with a particular focus on the banking system and bank supervision, including crisis preparedness.

APRA Involvement

APRA is one of seven members of the TTBC, together with the RBA, ASIC, Australian and NZ Treasuries, the Reserve Bank of New Zealand and the NZ Financial Markets Authority.

Technical cooperation and bilateral relations

Outside of formal international multilateral forums and committees, APRA maintains strong bilateral relationships with a number of peer regulators, particularly where supervised entities have operations in both Australia and abroad. Amongst other international activities, APRA responds to ad hoc requests for information; provides input to international surveys; and periodically hosts international delegations (both in person, and virtual). In executing on our key international work, APRA works closely with Department of Foreign Affairs and Trade (DFAT) and CFR agencies as appropriate to ensure alignment with whole-of-government geo-strategic engagement priorities.