Macfarlane hits out at APRA

Former Reserve Bank governor has taken a pot shot at the prudential regulator.

Former Reserve Bank governor Ian Macfarlane has taken a pot shot at the prudential regulator over its hardline application of global bank reforms to the local financial services industry.

In a personal submission to the financial system inquiry, made in his capacity as an ANZ non-executive director, Mr Macfarlane questions why the Australian Prudential Regulation Authority seems “so keen to exceed the international norm”.


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