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The Guardian

Apra to be given new powers after scathing review of financial watchdog

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Josh Frydenberg promises reform as regulator urged to end its culture of secrecyAustralia’s prudential regulator will gain new powers to prevent “inappropriate” directors and senior executives being appointed, the federal government has promised.The treasurer, Josh Frydenberg, made the commitment on Wednesday, responding to a scathing review of the Australian Prudential Regulation Authority that called for the regulator to reverse a culture of secrecy and increase its focus on superannuation. Continue reading…



Source link : https://www.theguardian.com/australia-news/2019/jul/17/financial-watchdog-apra-to-be-given-new-powers-after-scathing-review

Author : Paul Karp

Publish date : 2019-07-17 00:47:26

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Tags : The Guardian

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