APRA transparency drive

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Via Banking Day:

Both APRA and potentially the banks it supervises are being pushed toward a culture of openness, a challenging theme for the industry in 2020.

John Lonsdale, deputy chair of APRA told a FINSIA event in Sydney on Friday that “as in so many other areas of our work, APRA has to find an appropriate balance between candour and confidentiality.

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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.