Measures to strengthen financial regulators – Executive Accountability regime

  • Recommendation 3.9 – Extending the Banking Executive Accountability Regime (BEAR) to RSE licensees
  • Recommendation 4.12 – Extending the BEAR to APRAregulated insurers
  • Recommendation 6.6 – Joint administration of the BEAR
  • Recommendation 6.7 – Statutory amendments to facilitate coregulation
  • Recommendation 6.8 – Extending the BEAR to all APRAregulated financial services institutions.
  • Additional commitment – extension of the executive accountability regime to non-prudentially regulated financial entities to be administered by ASIC.