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The Australian Prudential Regulation Authority​ (APRA) is responsible​ for: A. ensuring the payments system is efficient...

The Australian Prudential Regulation Authority​ (APRA) is responsible​ for:

A.

ensuring the payments system is efficient and stable

B.

maintaining stability in the financial system

C.

the supervision of​ banks, insurance and superannuation​ companies, and​ non-bank deposit taking institutions

D.

monitoring the behaviour of ASIC

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Answer:

The Australian Prudential Regulation Authority​ (APRA) is responsible​ for:

C. the supervision of​ banks, insurance and superannuation​ companies, and​ non-bank deposit taking institutions

The role of the Australian Prudential Regulation Authority (APRA) is developing a vigorous framework of legislation, prudential standards and prudential guidance that promotes prudent behaviour by authorised deposit-taking institutions (ADIs), insurance companies, superannuation funds and other financial institutions

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