The Australian Prudential Regulation Authority's role is to:

Question

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The Australian Prudential Regulation Authority (APRA) is responsible for monitoring Australia's deposit-taking institutions, including banks, credit unions, and insurance companies, to ensure they are operating safely and soundly. This includes supervising their financial soundness, managing risk, and protecting the interests of depositors and policyholders. APRA does not control inflation or monitor interest rates directly, and while consumer protection is a consideration for APRA, it does not have a primary role in this area.

The Australian Prudential Regulation Authority's Role Is To