APRA to recommence prudential policy program and issuing of new licences

The Australian Prudential Regulation Authority (APRA), which is the country’s prudential regulator of banks, insurance companies, and most superannuation funds, announced that it will recommence public consultations on select policy reforms and begin a phased resumption of the issuing of new licenses. APRA’s recommencement of assessing and issuing new banking, insurance, and superannuation licences will occur […]