Both APRA and potentially the banks it supervises are being pushed toward a culture of openness, a challenging theme for the industry in 2020.John Lonsdale, deputy chair of APRA told a FINSIA event in Sydney on Friday that "as in so many other areas of our work, APRA has to find an appropriate balance between candour and confidentiality. "APRA knows that it cannot operate solely behind closed doors, but nor can we fling our doors open in a manner that may inadvertently harm community interests. "Linked to this greater transparency has been a big push by APRA to explain ourselves better.  We're making a conscious effort to communicate more often, and in language that can be understood," he said.Lonsdale said that "another area where APRA will publish more information about the entities we regulate concerns their efforts to improve their approach to governance, culture, remuneration and accountability."Next week, APRA will release a new information paper outlining our future approach to regulating, supervising and enforcing GCRA issues among our regulated population. That approach will involve a greater use of both CBA-style prudential inquiries and deep dive thematic reviews. "Going forward, under the terms for conducting these reviews, we will generally be making the findings public and releasing GCRA self-assessments as an additional tool to deter poor behaviour, promote better practice and enhance accountability. "We will have more to say when we release the paper, but what I can tell you now is that the level of public disclosure we envisage is at the forefront of international best practice among our peer regulators."