APRA
Government & Politics abbreviation · World Government
| Stands for | Australian Prudential Regulation Authority |
|---|---|
| Categories | Government & Politics |
APRA stands for Australian Prudential Regulation Authority, a world government abbreviation.
Regulator of banks, credit unions, building societies, insurers and most superannuation funds in Australia, responsible for their financial soundness and for setting capital and lending standards.
Example: APRA raised the serviceability buffer that banks use to assess mortgage applicants.
Usage notes
It was established in 1998 following the Wallis Inquiry into the financial system. Its macroprudential tools have been used to cool housing lending. APRA works alongside ASIC, which handles conduct, in a "twin peaks" regulatory model.
Related abbreviations
More world government abbreviations
- ADF – Australian Defence Force
- AEC – Australian Electoral Commission
- AfD – Alternative for Germany
- AFP – Australian Federal Police
- ALP – Australian Labor Party
- ANC – African National Congress
- ASIC – Australian Securities and Investments Commission
- ASIO – Australian Security Intelligence Organisation
- ASIS – Australian Secret Intelligence Service
- ATO – Australian Taxation Office
- BJP – Bharatiya Janata Party
- BND – Federal Intelligence Service