In a recent speech at FINSIA's "The Regulators" event, John Lonsdale, Chair of the Australian Prudential Regulation Authority (APRA), discussed the regulator's emphasis on operational resilience and how it is looking to data to supervise the industry more effectively.
Lonsdale outlined APRA's work to enhance operational resilience standards by promoting better governance, risk culture, remuneration, and accountability in regulated entities. This, he said, "includes our work to increase the focus of boards and senior managers on non-financial measures such as community outcomes, and sharpened accountability to prevent poor outcomes”.
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