Our supervisory approach continues to be implemented by experienced and committed people, who are keenly focused on the delivery of our public service mandate. We apply a risk-based approach to supervision recognising that resources are finite and our attention and supervisory effort must be focused on the greatest risks. But the financial services landscape is changing rapidly.
The nature and extent of risk is evolving. For us to continue to deliver effectively on our mandate, both today – and tomorrow – our supervision will need to change. This is so we can continue to be risk-based, data-driven, intelligence-led and outcomes-focused. We need to utilise new and enhanced tools and approaches to continue to supervise effectively.