APRA enforces company and financial services laws to protect consumers, investors and creditors.

Question

Quizplus · Accepted Answer

APRA, the Australian Prudential Regulation Authority, is primarily responsible for overseeing banks, insurance companies, and superannuation institutions, focusing on the stability of the financial system rather than enforcing company and financial services laws to protect consumers, investors, and creditors. That role is more closely associated with ASIC, the Australian Securities and Investments Commission.

APRA Enforces Company and Financial Services Laws to Protect Consumers