Australian banks Australian interest rates

APRA insider exposes wall-to-wall corruption

Friday, 2 November 2018

Former APRA, Treasury and ASIC insider, Dr Wilson Sy, exposes everything that is wrong with the constitution of the corrupt regulator.

Upon assuming government, Labor must immediately launch a new inquiry into regulator reform, governed by a truly independent, expert mind, preferably foreign but definitely from outside the system, to examine how a corrupt APRA and RBA should be reconstituted.

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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.