In its role as an independent statutory authority that supervises institutions across banking, insurance and superannuation, APRA undertakes biennial stakeholder surveys of its regulated entities (REs) to help assess its performance and effectiveness.

Key findings

• 92 per cent of respondents believed APRA had a positive impact on their entity’s risk management practices, while almost the same number (88 per cent) said it had a positive impact on their risk culture.
• 70 per cent said APRA’s focus on climate-related risks was a positive for their organisation.
• More than two-thirds (68 per cent) of respondents said APRA’s supervision and regulatory relief during the pandemic had a positive impact on their entity.
• While REs clearly see a positive impact of APRA’s supervision of their industries, the challenge of balancing that impact with the burden of regulation is something they naturally feel – with questions related to the balance of burden and benefit being the lowest rated in 2023.