It is important to understand the role of the regulator and the relationship with organisations across industries. Armour invest time in understanding regulator driven initiative changes and how these will effect industries, so we are well placed in appreciating the timelines and impacts on areas of business. We have developed a timeline view of the initiatives and identified the standards across industries.
Industries under APRA oversight:
The APRA website (apra.gov.au) provides Prudential and Reporting Standards across five regulated industries:
There are a further two classifications:
Institutions within the same regulated industry are covered by the same suite of Prudential and Reporting Standards.
Within each industry classification, the relevant Prudential and Reporting Standards are listed under common sub-segments: