Post by Australian Prudential Regulation Authority

🌏 The International Monetary Fund (IMF) has recently been in Australia for meetings with representatives of APRA, the Reserve Bank of Australia, Treasury, Australian Securities and Investments Commission, AUSTRAC, Home Affairs, as well as with financial sector firms, to inform Australia’s 2026 Financial Sector Assessment Program (FSAP). 🔹The FSAP is an independent and comprehensive assessment of the health of a country’s financial system, which occurs around every five years. 🔹It involves benchmarking financial system regulatory frameworks against international standards and reviewing Australia’s capacity to manage and resolve financial crises. Over several weeks, the IMF and Australian representatives discussed stress testing of bank soundness, household financial resilience, the conduct of securities markets and banking regulation and supervision and the importance of strong cyber risk management in the financial sector. While there is more to come before the IMF finalises this year’s report, APRA and our Council of Financial Regulators (CFR) colleagues welcomed the engaging and insightful discussions with the IMF experts. 📅 We look forward to the IMF’s return to Australia in June for the next stage of Australia’s 2026 FSAP. https://lnkd.in/gVQjxb23 International Monetary Fund #FinancialStability Reserve Bank of Australia #PrudentialRegulation ASIC #FSAP AUSTRAC #IMF Australian Department of Home Affairs Commonwealth Treasury