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The Australian Prudential Regulation Authority (APRA) is a financial regulator that has a range of powers to enforce compliance and address problems. Examples of APRA's actions include: Investigations: APRA can investigate entities and individuals to hold them accountable for their conduct. Enforcement: APRA can direct entities to take or refrain from actions, impose conditions, or ban individuals from working in regulated industries. Civil proceedings: APRA can commence civil proceedings against entities and individuals. Criminal prosecution: APRA can refer matters for criminal prosecution. Proportionate supervision: APRA tailors the prudential framework for different types of institutions, such as smaller entities. Risk-weighted assets: APRA prescribes risk weights that banks use to calculate risk-weighted assets. Accountability statements: APRA provides guidance and templates for accountability statements. APRA also has examples of reports, such as independent auditor's reports on annual returns.
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