APRA outlines priorities for next six months

The news: APRA has released its list of priorities for the first half of the year, including a focus on cyber and operational resilience, making changes in response to last year's global banking turmoil, and improving superannuation transparency.

The numbers: Over the next six months APRA will focus on six priorities across all industries it regulates, and another six for banks, four for insurance, and four for superannuation. It said events over the past year such as banking turmoil, geopolitical risk, rising interest rates and high inflation, the growing threat of cyber-attacks, and increased frequency of natural disasters reinforced its priorities.

The context: After risks that emerged from policy reforms, APRA reprioritised its supervision and policy reforms last year. In a statement, it noted that its "continued focus is on protecting the safety and resilience of regulated entities, promoting confidence and stability in the financial system, and supporting the community to achieve good financial outcomes."