APRA

APRA, or the Australian Prudential Regulation Authority, is a government agency responsible for overseeing banks, insurance companies, superannuation funds, and other financial institutions in Australia. Its primary goal is to ensure the safety and stability of the financial system, protecting the interests of depositors, policyholders, and investors. APRA establishes regulatory standards, conducts regular assessments of financial institutions, and intervenes when necessary to maintain confidence in the financial sector. By doing so, it helps promote a resilient economy and safeguards the financial well-being of individuals and businesses.