Australia: APRA updates its Enforcement Approach

Australia: APRA updates its Enforcement Approach

The Australian Prudential Regulation Authority (APRA) has updated its Enforcement Approach to provide clarity around how it plans to increase transparency and data reporting. 

 

The revised document, according to the regulator, also sets out APRA’s intention to take stronger action against institutions that fail to meet their legal obligations to report data in full and on time.

 

APRA’s enforcement actions can range from the imposition of licence conditions and infringement notices, to disqualifications of accountable persons under the Banking Executive Accountability Regime.

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