April sees the industry continuing to work through the fallout from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. While any substantive legislation will be delayed by the upcoming election, the Government has moved to commence the process of implementing the Commissioner’s recommendations. A number of consultations are underway—or already concluded—on the Government’s proposed response to specific recommendations. APRA capability review The final report from the Royal Commission recommended that APRA and ASIC should each be subject to at least quadrennial capability reviews, with a capability review to be undertaken for APRA as soon as...