ASIC 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.
September 1, 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, 2021In its first year, the FRAA will assess ASIC to ensure it is operating in line with expectations and supporting the economic recovery.
June 28, 2021The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.
May 1, 2021