Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has "had its day".
February 26, 2024APRA's priorities will include operational and cyber resilience, and embedding lessons from last year’s banking turmoil, among other areas.
February 1, 2024APRA will explore how shocks may be mitigated or propagated by interactions between banking, insurance, and superannuation.
August 30, 2023The Australian Prudential Regulation Authority (APRA) has welcomed the release of the Financial Regulator Assessment Authority (FRAA)’s review report on its effectiveness and capability in supervising and resolving issues in the superannuation sector.
July 17, 2023The framework will enhance the Financial Regulator Assessment Authority's assessment toolkit and provide direct insights on APRA and ASIC’s activities.
June 19, 2023ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.
February 10, 2023The FRAA will focus its first review of APRA on its supervision and resolution functions in relation to superannuation.
November 7, 2022ASIC requires a substantial uplift in its data and technology capability, the FRAA says in its first review of ASIC as a regulator.
August 26, 2022The new Financial Regulator Assessment Authority will assess ASIC’s effectiveness and capability including in its surveillance and licensing functions.
December 7, 2021Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
September 15, 2021