The Financial Regulator Assessment Authority is conducting its first review of the effectiveness and capability of the Australian Prudential Regulation Authority.
The consultation paper indicates it is a targeted assessment of APRA’s supervision and resolution functions, focusing on superannuation.
The FRAA will not review legislation or APRA’s prudential policy, guidance, or enforcement activity in the superannuation industry.
The review will consider the effectiveness and capability of APRA’s frontline supervision, and the specialist and risk functions relevant to superannuation.
The review will also include APRA’s use of data, data analytics, and the supporting technology used in its supervisory and resolution activities.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
