Australian banksAustralian interest rates

APRA corrals shadow banks

David Llewellyn-Smith
Tuesday, 31 October 2017
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From Australian Parasite:

The Australian Prudential Regulation Authority (APRA) will be tasked to infiltrate the non-bank sector for enhanced data gathering, according to Treasurer Scott Morrison

APRA will have “eyes on the ground” with its ability to collect data from non-ADI lenders, Morrison said in an address to the Financial Services Council in Sydney yesterday (30 October).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.