APRA Connect Automating Compliance Reporting
Regulatory reporting is getting a shakeup as the Australian Prudential Regulatory Authority (APRA) has unveiled a new data collection solution to replace the 20-year-old D2A (Direct to APRA) system. The new replacement will be comprised of a web-based portal, and all APRA regulated institutions will be required to meet their regulatory commitments largely by submitting […]
The Modern bank compliance model
Traditionally, models focused on compliance where conceived and built at a time when the purpose of regulatory compliance was largely to enforce the legal obligation. The concept of regulation to identify and manage risk was at best a secondary consideration. In more recent times it has become clear that regulation is much more than the […]