Updating business continuity guidance is one of APRA’s upcoming policy priorities

Published: Friday, 01 March 2019 09:02

The Australian Prudential Regulation Authority (APRA) has released its annual Policy Priorities document, outlining its areas of intended policy focus over the next 12 to 18 months.

APRA Chair Wayne Byres said much of APRA’s focus in 2019 would be on strengthening the prudential framework to lift the bar for industry in terms of governance, remuneration practices, and the management of non-financial risks.

Amongst other policy priorities APRA will be updating its current business continuity guidance, which applies to entities in the Australian banking, insurance and superannuation industries.

In conjunction, APRA also plans to issue ‘broad-based expectations for operational risk management and resilience that align to the overarching risk management framework’.

More details (PDF).