Regulatory Alerts2024-01-23 | RG-278RG 278 ADIs: Transitioning to the Financial Accountability Regime
The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority jointly issued this information paper to assist Authorized Deposit-taking Institutions in transitioning from the Banking Executive Accountability Regime to the Financial Accountability Regime. The document outlines the specific information requirements that ADIs must provide to the regulators during this regulatory shift. It serves as a practical guide to ensure compliance with the new accountability framework established by the FAR.
This ASIC-APRA joint information paper (also referred to as RG 278) helps ADIs transition from the Banking Executive Accountability Regime (BEAR) to the Financial Accountability Regime (FAR). It includes the information they must provide to the Regulators.
Download the information paper (PDF 416 KB) .