Post by Australian Prudential Regulation Authority

🔵 APRA has commenced the final phase of its governance review by setting out updated requirements designed to strengthen governance across banking, superannuation and insurance. 📑 The updated draft of CPS 510 Governance, published by APRA today, is designed to reflect contemporary best practice, establish clear benchmarks and address existing areas of poor practice. APRA’s requirements around governance and fitness and propriety aim to ensure that regulated entities are governed by leaders with the skills, experience and character needed for today’s challenging risk environment. APRA is consulting on the proposals until the end of August, with the final standard and related guidance planned to be released in late 2026. 👉 View the consultation package on APRA’s website at: https://lnkd.in/dzi9WwVe #Governance #PrudentialRegulation #FinancialStability #Consultation #Regulation