APRA publishes new Statement of Expectations and Statement of Intent
APRA published the Government's Statement of Expectations for the regulator and its own Statement of Intent in response, setting out how it will balance prudential safety with reducing regulatory burden.
What it means for business
It may be worth reading these alongside ASIC's equivalent statements to gauge the direction of regulatory burden reduction.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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