The prudential regulator is setting out to "transform" governance, culture, remuneration and accountability across all regulated financial institutions, APRA has spelled out in its Corporate Plan for 2019 to 2023.With regard to APRA-regulated institutions' management of non-financial risks, "APRA will be 'constructively tough' with regulated institutions where practices fall below prudential expectations," the plan says,"The overarching objective of this work is to enhance the resilience of APRA-regulated institutions and contribute to rebuilding the Australian community's trust and confidence in the fairness of the financial system."All this "follows on from the findings of the CBA prudential inquiry, banking royal commission and the self-assessments of governance, accountability and culture across Australia's largest financial institutions."These themes mean "a significant uplift is required in APRA regulated institutions management" of governance and accountability. "This involves lifting Board and senior management governance of non-financial risk, reinforcing the importance of 'tone from the top' to articulate and foster the desired risk culture, strengthening alignment of remuneration with performance and risk outcomes, and enhancing accountability by extending the executive accountability regime across all APRA regulated industries."??APRA also said it will make more use of "data driven insights to interrogate cyber resilience data to prioritise and tailor supervisory activities. "In the longer term, this will inform baseline metrics against which APRA regulated institutions will be benchmarked and held to account for maintaining sound cyber defences."