In this discussion paper, APRA proposes creating a new prudential standard to better align remuneration frameworks with the long-term interests of entities and their stakeholders, including customers and shareholders.

APRA has released this report analysing the self-assessments carried out by 36 of the country’s largest banks, insurers and superannuation licensees, in response to the final report of the Prudential Inquiry into Commonwealth Bank of Australia (CBA).

From November 2018 to March 2019, APRA conducted an extensive, forward-looking review of its enforcement strategy. The review examined the appropriateness of APRA’s enforcement strategy and infrastructure, and assessed how enforcement should interact with APRA’s core role of prudential supervision.

This document sets out how APRA will use its enforcement powers to prevent and address serious prudential risks, and to hold entities and individuals to account.

APRA undertakes a program of regular policy review to ensure that the regulatory framework on which its prudential supervision is based remains fit for purpose. This paper sets out APRA's policy agenda for the next 12 to 18 months.