The Australian Prudential Regulation Authority (APRA) published the results of its latest biennial stakeholder survey, reporting strong support among responding banks, insurers and superannuation trustees for the value of APRA’s supervision. Overall, 97% of respondents said APRA’s supervision benefits their industries. The survey drew 262 responses from APRA-regulated entities, a 70% response rate (up from 67% in 2023). Key findings included 93% saying supervision enhanced their organisation’s financial and operational strength, 96% reporting a positive impact on risk management, and 82% seeing a positive impact from prudential requirements on financial management; 74% also believed APRA provided sufficient opportunity for consultation on proposed changes to prudential standards or guidance. Views were more mixed on cost and compliance burden: while 68% believed APRA effectively pursued financial safety while balancing efficiency, competition, contestability and competitive neutrality, only 24% felt changes to APRA’s prudential framework sufficiently considered the costs of regulation imposed on industry. APRA indicated the feedback will be used to shape its approach to supervision and policy development, and to inform its priorities for the next financial year.
Australian Prudential Regulation Authority 2025-06-26
Australian Prudential Regulation Authority survey finds 97% of regulated entities say its supervision benefits their industries
The Australian Prudential Regulation Authority (APRA) released its biennial stakeholder survey results, showing strong support from banks, insurers, and superannuation trustees for APRA's supervision, with 97% acknowledging its benefits. While 93% noted enhanced financial and operational strength and 96% reported improved risk management, only 24% felt regulatory cost considerations were adequate; APRA plans to use this feedback to refine its priorities.