APRA — Australian Prudential Regulation Authority
Prudential regulator for Australian banking, insurance and superannuation. Key relevance to this KB: AI governance and operational-resilience expectations for regulated entities.
Key positions on AI
- 2026-04-30 letter to industry on AI — flagship signal that AI governance is lagging adoption; shifts APRA from principle-based guidance to active supervision. APRA Member Therese McCarthy Hockey: stronger supervisory action and, where appropriate, enforcement where entities fail to identify, manage or control AI risks proportionately.
[[2026-05-08-apra-ai-governance]] - Treats AI as a distinct risk domain that reshapes financial, operational, conduct and strategic risk classes — not “just another technology”.
[[2026-05-08-apra-ai-governance]] - Considers board AI literacy itself a governance and control risk.
[[2026-05-08-apra-ai-governance]]
Related instruments
- CPS 230 — operational resilience and supplier risk; AI third-party expectations sit under this.
[[2026-05-08-apra-ai-governance]] - Financial Accountability Regime (FAR) — APRA expects accountable persons to understand AI in scope of their accountabilities and evidence ongoing oversight.
[[2026-05-08-apra-ai-governance]]
See also
- ai-governance-au — rolling topic dossier
- asic, oaic