In brief - On 29 August 2019 the Australian Prudential
Regulation Authority (APRA) issued its 2019-2023 Corporate Plan
(Plan)
The Plan sets out APRA's priorities for the 2019-2023
planning period relevant to achieving its regulatory and
supervisory purpose and in consideration of the Australian
Government's Statement of Expectations for APRA and APRA's
Statement of Intent published in September 2018.
Interestingly but not expectantly, the spectre of the Banking
Royal Commission is present in the Plan's overall tone as the
Plan acknowledges that "community trust in the fairness of
the financial system has been eroded, and regulators like APRA need
to play a role in restoring that trust' and as a consequence
APRA intends to "more clearly identify the expected outcomes
for the Australian community".
