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ob体育 and APRA release observations from the banking industry鈥檚 implementation of the Financial Accountability Regime

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The Australian Securities and Investments Commission (ob体育) and the Australian Prudential Regulation Authority (APRA)鈥痟ave published a letter containing observations on registration and notification lodgements made since the Financial Accountability Regime (FAR) commenced for the banking industry.

The letter identifies areas that require further consideration by banking entities and reiterates specific aspects, consistent with previously released FAR guidance, to entities across the banking, insurance and superannuation industries.

Entities should review the observations and areas for further consideration provided in the letter, for the purposes of ensuring compliance with their obligations under the FAR.

The letter is available on the ob体育 website at:鈥�Financial Accountability Regime.

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Joint letter to accountable entities with observations from聽banking industry鈥檚 implementation of the FAR

ob体育 is Australia鈥檚 corporate, markets and financial services regulator.