Observations
Mar 19, 2024Australian 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).
by Starling Insights, Wayne Byres, Michelle W. Bowman, Charles Randell
Compendium
Feb 14, 2024Observations
Feb 09, 2024As 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."