Earlier this month, Wayne Byres, recent past-Chair of the Australian Prudential Regulation Authority (APRA), joined the board of Macquarie Bank.
Byres was brought into Macquarie for his deep international connections, as he previously served as Secretary General of the Basel Committee on Banking Supervision. This will help the bank ensure compliance with the many regulatory regimes in which it operates, and to ameliorate long-standing regulatory issues with APRA.
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