APRA has released details of its systems for monitoring entities regulated by it: the Probability and Impact Rating System (PAIRS) and the Supervisory Oversight and Response System (SOARS) .

The Probability and Impact Rating System (PAIRS)(pdf) is APRA s
risk assessment model. PAIRS was launched in October 2002. An enhanced version
of the original PAIRS model was introduced in early 2008.

APRA s Supervisory Oversight and Response System (SOARS) (pdf) was
introduced in October 2002. SOARS is used to determine how supervisory concerns
based on risk assessments made under APRA s Probability and Impact Rating
System (PAIRS) should be acted upon. It is intended to ensure that supervisory
interventions are targeted and timely. All APRA-regulated entities that are
subject to PAIRS assessment are assigned a SOARS stance.