You heard it here first but now others are saying it, via The Australian:
The Australian can reveal six of the nine executives running the Australian Prudential Regulation Authority are former senior banking executives, and three joined the executive within weeks of Malcolm Turnbull calling a royal commission into financial services in December last year.
Andrew Schmulow, a senior law lecturer at the University of Western Australia and a former senior research associate at the University of Melbourne School of Law, criticised a recent submission that APRA chairman Wayne Byres made to the royal commission.