Tag · 2 stories
#Australian Prudential Regulation Authority
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CBA facing probe over governance concerns
Concerns around governance, culture and accountability within the Commonwealth Bank (CBA) have prompted the Australian Prudential Regulation Authority (APRA) to announce an independent inquiry into the lender. According to APRA Chairman Wayne Byres, the panel would consider the lender’s frameworks and practices in relation to the governance, culture and accountability to determine whether they conflict […]
James Harkness · 2 min
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Payment industry warned to better infrastructure or face intervention
An “unacceptable number” of payment system outages over the past 12 months has led the Reserve Bank of Australia’s (RBA) payment arm to warn the industry to boost innovation and stability or face regulatory intervention.
Lorna Brett · 2 min