SYDNEY, May 21 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) has intensified its oversight of banks, insurers and superannuation trustees as geopolitical tensions, artificial intelligence (AI) and growing complexity in global markets reshape the risk environment.
The update is contained in the latest edition of APRA's System Risk Outlook report, which provides an overview of risks and vulnerabilities affecting the financial system from the perspective of Australia's financial safety regulator.
Coming at a time of elevated uncertainty globally, today's report reinforces Australia's financial system is well-prepared to withstand a range of severe down...