Page 2 - Wayne Byres News Today

A year after departing the prudential regulator, former APRA chair, Wayne Byres, is set to join the board of Macquarie Bank as a non-executive director in the first quarter of 2024, pending necessary approvals.

Former APRA chair Wayne Byres will join the board of Macquarie Group subsidiary Macquarie Bank next year, as a non-executive director.

Former APRA chair Wayne Byres will join the board of Macquarie Bank as the latter releases half-year results that are "substantially down" compared to this time last year.

Chief executive Shemara Wikramanayake said first-half results were “substantially down” due to persistent inflation and increased cost pressures.

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator. 

It aims to improve operational risk management in three industries

National Australia Bank is back from the debt capital markets with $1.25 billion in tow via its 10-year Tier 2 notes, with pricing landing tighter than the initial guidance.

Barrenjoey’s Jon Mott says APRA’s chairman is pointing to a reduction in the 3 per cent loan serviceability buffer – but also the reinstatement of a 7 per cent floor.

APRA has increased the countercyclical capital buffer (CCyB) to 1 per cent of risk-weighted assets (RWA), the regulator has confirmed. Six years after the Australian Prudential Regulation Authority

APRA has released its climate vulnerability assessments for the five largest banks, which show the impact of climate change will be in specific regions and industries.