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Australian Senator Calls for Regulatory System Review

by Starling Insights

Observations

Mar 19, 2024

Australian Senator Andrew Bragg recently criticized the current regulatory framework for the financial sector in Australia. In particular, he pointed to failures in the country's twin peaks model of two independent regulators focused on market conduct and supervision, represented by the Australian Securities & Investments Commission (ASIC), and financial system stability, through the Australian Prudential Regulation Authority (APRA).

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APRA Chair Says Culture is a "Work in Progress"

by Starling Insights

Observations

Feb 09, 2024

As reported by the Australian Financial Review, John Lonsdale, Chair of the Australian Prudential Regulation Authority, has said that improving risk culture and remuneration practices in Australia's financial sector remains a "work in progress."