A nervous APRA shows its hand

As the financial system inquiry progresses, it's clear the regulator has some concerns that the sophisticated and nuanced regime it oversees might soon be overlaid with some new and quite rigid domestic rules.

Once the financial system inquiry’s interim report was issued in July it was evident the major banks were facing a potential two-pronged attack on their returns and competitiveness that unnerved them.

One dimension of that prospective threat was that the report, and subsequent comments by its chairman, David Murray, questioned whether the majors were as conservatively capitalised relative to their international peers as previously believed.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles