7 June 2018
The ABA welcomes APRA’s steps to strengthen the industry’s cyber resilience and also supports measures that will require all regulated entities to lift their cyber security capabilities.Download PDF
An earlier implementation date for the revised operational risk capital requirements will be difficult and should be optional.
The ABA welcomes the IGA review and is in general, supportive of its findings, draft recommendations and the draft options for improvement.
The ABA supports appropriate cost reflective funding of APRA. An adequately resourced regulator will ensure its regulatory mandate is undertaken in a timely and effective way.