APRA seeks distance from govt

APRA seeks distance from govt

By Staff Reporter

The executive chairman of the banking regulator, John Laker, says APRA would like to see the same kind of shield from interference that the Reserve Bank of Australia receives, a measure that was introduced after the Wallis inquiry in 1998 before being canned in 2003. “We’re not looking for anything more than what was in the original vision of the Wallis inquiry,” Dr Laker told the AFR. “Previously we had the same mechanism as the RBA and that was moved to a mechanism more akin to what ASIC [the Australian Securities and Investments Commission] has.

Read more here: Business Spectator


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