{"id":46637,"date":"2019-10-04T11:48:33","date_gmt":"2019-10-04T01:48:33","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=46637"},"modified":"2019-10-08T16:28:27","modified_gmt":"2019-10-08T06:28:27","slug":"apra-restructure-to-include-insurance-focus","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2019\/10\/04\/apra-restructure-to-include-insurance-focus\/","title":{"rendered":"APRA Restructure to Include Insurance Focus"},"content":{"rendered":"<p>APRA has announced an updated organisational structure, in which a new supervisory division will focus on insurance.<\/p>\n<p><!--more-->The corporate regulator notes the changes to the way it is structured are designed to better align its organisational structure with the strategic objectives set out in its recently released <a href=\"https:\/\/www.apra.gov.au\/sites\/default\/files\/APRA%20Corporate%20Plan%202019-23_0.pdf\" target=\"_blank\" rel=\"noopener\">Corporate Plan for 2019-23<\/a>.<\/p>\n<p>APRA will be moving to an industry-based supervision model, with separate supervisory divisions responsible for:<\/p>\n<ul>\n<li>Insurance<\/li>\n<li>Superannuation<\/li>\n<li>Banking<\/li>\n<\/ul>\n<p>Under this new structure, each of APRA\u2019s six operating divisions will be led by an Executive Director, with the following appointments announced:<\/p>\n<ul>\n<li><strong>Brandon Khoo<\/strong>: Executive Director, Insurance<\/li>\n<li><strong>Suzanne Smith<\/strong>: Executive Director, Superannuation<\/li>\n<li><strong>Therese McCarthy Hockey<\/strong>: Executive Director, Banking<\/li>\n<li><strong>Sean Carmody<\/strong>: Executive Director, Cross-Industry Insights &amp; Data<\/li>\n<li><strong>Steve Matthews<\/strong>: Chief Operating Officer and Executive Director, Enterprise Services.<\/li>\n<li><strong>Heidi Richards<\/strong>: Acting Executive Director, Policy &amp; Advice (pending a permanent appointment to that role)<\/li>\n<\/ul>\n<p>Set to commence from 1 December 2019, APRA Chair, <strong>Wayne Byres<\/strong>, said the changes will assist the regulator &#8220;&#8230;to maintain its focus on protecting the financial well-being of the Australian community, while sharpening focus and lifting capabilities in supervising newer and emerging risks.&#8221;<\/p>\n<figure id=\"attachment_46640\" aria-describedby=\"caption-attachment-46640\" style=\"width: 1241px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2019\/10\/191003-APRA-Org-Chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-46640 size-full\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2019\/10\/191003-APRA-Org-Chart.png\" alt=\"\" width=\"1241\" height=\"880\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2019\/10\/191003-APRA-Org-Chart.png 1241w, https:\/\/riskinfo.com.au\/news\/files\/2019\/10\/191003-APRA-Org-Chart-300x213.png 300w, https:\/\/riskinfo.com.au\/news\/files\/2019\/10\/191003-APRA-Org-Chart-768x545.png 768w, https:\/\/riskinfo.com.au\/news\/files\/2019\/10\/191003-APRA-Org-Chart-1024x726.png 1024w\" sizes=\"auto, (max-width: 1241px) 100vw, 1241px\" \/><\/a><figcaption id=\"caption-attachment-46640\" class=\"wp-caption-text\">The new organisational chart published by APRA, taking effective from 1 December 2019 &#8230;includes a new supervisory Insurance division, headed by Brandon Khoo<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>APRA has announced an updated organisational structure, in which a new supervisory division will focus on insurance.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":{"0":"post-46637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-compliance-regulation"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/46637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=46637"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/46637\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=46637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=46637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=46637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}