Finance sector watchdog to be reviewed

The federal government has appointed the panel led by a former ACCC head that will review the capabilities of the Australian Prudential Regulation Authority.

Image of the Final Report of the Royal Commission in to the Misconduct in the Banking, Superannuation and Financial Services Industry

Source: AAP

The Morrison government has finalised the panel that will help former consumer watchdog boss Graeme Samuel review one of the key financial sector regulators.

Former Westpac executive Diane Smith-Gander and a former acting governor of the Reserve Bank of New Zealand, Grant Spencer, will join forces with Mr Samuel for the capability review of the Australian Prudential Regulation Authority.

The banking royal commission recommended regular reviews of the body's capability to promote financial stability within its frameworks and how ready it is to respond to issues raised by commissioner Kenneth Hayne as well as the Productivity Commission.


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Presented by Justin Sungil Park

Source: AAP



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