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Supervision Risk and Intensity (SRI) Model

APRA has introduced a new model to assess risk and determine supervisory intensity, called the Supervision Risk and Intensity (SRI) model.   The SRI Model will replace APRA’s Probability and Impact Rating System (PAIRS) and the Supervisory Oversight and Response System (SOARS) which has been in place since 2002.

Grounded on the three core attributes of APRA’s supervision philosophy – risk based, forward looking and outcomes focused – the SRI Model will be the new common platform by which all APRA-regulated entities are assessed, and their level of supervision intensity determined. 

The SRI is a more contemporary model to its predecessor, and has been developed to reflect the many changes within APRA’s regulated industries, environment, risks and supervisory approach. Consistent with APRA’s supervision philosophy, the SRI Model is flexible and able to adjust to the evolving risk landscape. 

This document provides an overview of the SRI Model and its key components. It forms part of a series of publications explaining how APRA undertakes its responsibilities as a prudential regulator. 

You can read more about the SRI Model in the guide:

Frequently Asked Questions


The last PAIRS/SOARS rating received by a regulated entity will continue to apply until the entity is notified of a new rating under the SRI Model. 

You can access information about PAIRS and SOARS: