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Banking watchdog promises ‘constructively tough’ approach to enforcement

Banking watchdog promises ‘constructively tough’ approach to enforcement

The banking regulator has vowed that enforcement action against companies or individuals will no longer be a "last resort" and it will instead be "constructively tough" when dealing with serious risks to the financial system.

by Shared by the Brisbane Times | 16 Apr, 2019

ASBFEO welcomes Labor's commitment to boost local SME investment

The Australian Prudential Regulation Authority (APRA)’s pledge to take a harder line comes after the Hayne royal commission criticised financial regulators for being too timid, and an internal review found its appetite for enforcement had been too low and was lagging its global peers.