APRA releases prudential standards on governance

The Australian Prudential Regulation Authority (APRA) has released draft prudential standards and a discussion paper outlining proposed governance arrangements for authorised deposit‑taking institutions (ADIs), general insurers, life insurers and authorised non-operating holding companies (NOHCs).

The objectives are to ensure that an ADI is well managed, has access to appropriate independent expertise, and gives due consideration to the impact of its decisions on depositors.

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