The Financial Regulator Assessment Authority (FRAA) has developed the metrics framework to enhance its ability to assess the effectiveness and capability of the Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC).

This inaugural review assesses ASIC’s effectiveness and capability across strategic prioritisation, planning and decision making, surveillance and licensing. It contains four recommendations which focus on ASIC's data and technology capability, engagement with stakeholders, ability to measure its own effectiveness and capability, and continuing to broaden its mix of skillsets to meet current and future needs...