Late last week, the Australian Prudential Regulation Authority (APRA) proposed a number of updates to its prudential governance framework for banks, insurers, and superannuation trustees.
"The boards of Australia's banks, insurers and superannuation trustees have enormous responsibilities when it comes to protecting the financial interests of households and businesses," said APRA Chair John Lonsdale. "Well-governed institutions are likely to be more resilient in times of stress, while poor governance can create weakness that leads to misconduct, losses and failures."
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
Sign in and be the first to comment.