I am a keen follower of the Australian regulator APRA that in my mind certainly ranks amongst the thought leaders in regulatory thinking. APRA has been at the forefront of many new regulatory concepts and pro-active adoption. Its current focus is on 3 major areas - Financial stability and systemic risk, Group Supervision, Remuneration. Their approach to reform being best captured by how they term it – “ just right‟ – "not too much, not too little.“
Below is the my list of 10 areas that will serve as foundation for APRA’s 2010-2020 blueprint. This list is based on my reading of their consultative papers and speeches in 2010.
I have tried my best to capture the essence of their thinking, let me know if I have done full justice to their thought leadership or not!
Source: APRA consultative papers and speeches: