Frydenberg colludes with APRA to water down Hayne

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The Hayne Royal Commission is quickly disappearing in the rear view mirror, with Treasurer Josh Frydenberg meeting with senior APRA officials to craft the government’s response. From SBS News:

Mr Frydenberg met with Australian Prudential Regulatory Authority deputy chairs Helen Rowell and John Lonsdale in Sydney, just days after the Morrison government was returned to power.

One of the key tasks for the government will be responding to the recommendations of the royal commission into misconduct in the banking, superannuation and financial services industry.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.