COVID-19 to ‘precipitate enduring change’, APRA chair cautions
It would be “dangerously naive” to expect things to return to normal as a result of the government’s temporary measures tailored to combat the impacts of the coronavirus crisis, APRA chair Wayne Byres has said.
Speaking before the board of the International Banking Federation, chair of the Australian Prudential Regulation Authority (APRA) Wayne Byres said that “this crisis will almost certainly precipitate enduring change in the way society operates”.
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