Australian Prudential Regulation Authority
The prudential regulator of Australian banks, insurers, and superannuation funds, responsible for the safety and stability of regulated financial institutions.
Its role in AI governance
APRA reaches AI primarily through its prudential standards on risk management, operational resilience, and outsourcing. CPS 230 (Operational Risk Management) brings AI systems into scope as part of critical operations and third-party risk, and APRA expects boards and senior management of regulated entities to govern model and technology risk under the accountability regime.
Frequently asked questions
What does APRA regulate?
The prudential regulator of Australian banks, insurers, and superannuation funds, responsible for the safety and stability of regulated financial institutions.
What is APRA's role in AI governance?
APRA reaches AI primarily through its prudential standards on risk management, operational resilience, and outsourcing. CPS 230 (Operational Risk Management) brings AI systems into scope as part of critical operations and third-party risk, and APRA expects boards and senior management of regulated entities to govern model and technology risk under the accountability regime.
What jurisdiction does APRA cover?
Australian Prudential Regulation Authority (APRA) is a regulator in Australia. Its official website is www.apra.gov.au.
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