Tag: APRA

Key Australian FinTech investment stats in 2023: • Australian FinTech deal activity reached 93 transactions in 2023, a 17% reduction from 2022 • Australian FinTech companies...

Legislation concerning the Financial Accountability Regime (FAR) has received the nod of approval from both Houses of the Australian Parliament. This milestone move in 2023 lays the groundwork for a stringent accountability structure, targeting directors and top-tier executives of financial institutions across banking, insurance, and superannuation sectors.

The Australian government has made it compulsory for the APRA to take into account climate change-related risks in its operations.

The Australian Prudential Regulation Authority (APRA) faces scathing critique for being too “discreet” and is encouraged to undergo an overhaul of the system. The capability...