Our latest insights

On 16 June 2026, APRA released the draft CPS 510 prudential standard for comment and posed some consultation questions regarding proportionality, streamlining of fit and proper and alignment with Financial Accountability Regime (FAR), areas where additional guidance is required and estimated compliance costs.

Proactive stress testing to manage macroeconomic risk, strengthen financial stability and banking

ASIC Commissioner Alan Kirkland outlines key regulatory priorities in the credit sector, focusing on responsible lending, dispute resolution, and protecting vulnerable consumers from misconduct.

In October, APRA Executive Board Member Suzanne Smith delivered a speech at the ICA Conference 2025. In her speech, Suzanne Smith urged the insurance industry to embrace resilience, innovation, and leadership as core pillars to future proof the industry, at a time of heightened scrutiny around operational resilience, consumer trust, and the evolving risk landscape driven by climate change and artificial intelligence.

APRA’s latest reforms are designed to make its banking framework more proportionate, supporting a more competitive banking environment and fostering innovation. For smaller and medium-sized banks, this could mean reduced compliance pressures and more scope to focus on customers and growth.

ASIC’s review of 50 responsible entities revealed outdated and incomplete compliance plans – some missing key regulatory obligations like DDO and IDR entirely. With investigations now underway, responsible entities must act.

ADIs are navigating regulatory reform, digital transformation, and rising fraud risks by strengthening governance, modernising infrastructure, and aligning strategy with compliance to drive resilience and long-term value.

While APRA has acknowledged the achievements of member-owned and not-for-profit funds to-date, it also noted Boards must do more to ensure long-term sustainability of their organisations.

APRA has proposed eight updates to governance and fit and proper requirements for banks, insurers, and superannuation trustees. Businesses must proactively adapt their governance practices to align with these enhanced standards.

Building a strong personal brand is essential for professional services advisors to gain trust and loyalty from clients. Define your unique value proposition, enhance visibility through LinkedIn and thought leadership, and grow your network through industry events. Consistently investing in your personal brand creates opportunities and strengthens professional relationships.

To position your business for resilience and success as we approach a new financial year, it’s important to consider key trends impacting the banking sector to help you navigate the evolving regulatory and risk landscape.

The new prudential standards for the private health insurance industry which commenced on 1 July 2023 have significantly changed how capital adequacy is determined for insurers and have been implemented to improve alignment with APRA’s insurance capital framework, consistent with international best practice.