Page 7 - Wayne Byres News Today

Wayne Byres will exit the prudential regulator later this year. Wayne Byres has announced that he intends to stand down as chair of the Australian Prudential Regulation Authority (APRA) effective 30

Wayne Byres, chair of the Australian Prudential Regulation Authority, has announced he will step down, two years prior to the end of his five-year term.

Wayne Byres, chair of the Australian Prudential Regulation Authority, has announced he will step down, two years prior to the end of his five-year term.

Wayne Byres has resigned as chair of APRA after eight years in the seat and almost 25 years with the regulator.

The news that the chair of the Australian Prudential Regulation Authority (APRA) will step away from his role early has been met with relief from one property group. Property Club, an association of A

Innovation was a key plank of the neobank’s business model. But the best mortgage platform in Australia is of little use without capital to lend the money.

It will hand back deposits to customers and return its banking licence, marking another failure in the neobank experiment.

The prudential regulator is pushing for superannuation funds to merge to deliver member benefits but some are facing ‘consolidation indigestion’ in the process.

APRA chair Wayne Byres has told super trustees to brace for “some rough seas” ahead. Speaking at a Trans-Tasman Business Circle event, Wayne Byres said the performance of superannuation trustees

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