5.2 — Supervision of remuneration — aims

In conducting prudential supervision of the design and implementation of remuneration systems, and revising its prudential standards and guidance about remuneration, APRA should have, as one of its aims, the sound management by APRAregulated institutions of not only financial risk but also misconduct, compliance and other nonfinancial risks.

Government Response

The Government supports APRA acting on this recommendation.