Follow TopicFollow Contributor Share Feedback
APRA Issues Guidance for Managing Compliance Risk

APRA Issues Guidance for Managing Compliance Risk

by Starling Insights

Starling Insights Editorial Board

Feb 25, 2022


In 2019, the Australian Prudential Regulation Authority (APRA) completed a review of the compliance risk management systems at four major banks. Since then, several high-profile misconduct failures have made headlines, displaying failures in compliance risk management and damaging public trust in the financial system. As a result, APRA supervisors have been increasingly attentive to how entities across all industries are managing compliance risk, the challenges they face, and how practices in this area can be improved.

APRA has issued guidance for compliance risk management, stating that it is essential that it "remains a priority for senior management and boards." In its guidance, APRA highlighted the need for financial institutions to:

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 


If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!