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APRA puts AI, cyber, and geopolitical risks at center of four-year plan

Australia Coat of arms
Photo: Lisa Maree Williams/Getty Images

APRA is attempting to modernize prudential supervision rather than simply expand it.

Australia’s prudential regulator is putting AI, cyber threats, geopolitical instability, and financial sector interconnections at the center of its regulatory agenda, while promising to offset new requirements with a broad simplification of the rules facing banks, insurers, and superannuation funds.

The Australian Prudential Regulation Authority (APRA) said in its

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