The Australian’s John Durie has written a good summary of the deliberations taking place within the Australian Prudential Regulatory Authority (APRA) in response to the Basel Committee’s final reform to risk-weightings, as well as the Productivity Commission’s (PC) call for greater competition:
Last week, the Productivity Commission made clear it felt APRA had overemphasised stability at the expense of competition to the detriment of Australian consumers and in consequence the cultural failings of the industry.
