• Hannah Phillips

APRA Governance Boosted

Last week the Treasurer announced the Government has strengthened the Australian Prudential Regulation Authority (APRA) by legislating that a second Deputy Chair to be created.

He intends to nominate John Lonsdale for a five year term to fill this second Deputy Chair position.

The appointment will be conditional upon the Governor-General’s approval.

Mr Lonsdale was most recently the Deputy Secretary, Markets Group at the Treasury.

He also played a role in helping to shape the current regulatory agenda in Australia through his role as head of the Secretariat of the Financial System Inquiry in 2014.

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