Horses for courses

APRA releases new Enforcement Approach

I'm a bit surprised that APRA asked Deputy Chair John Lonsdale to do an Enforcement Review of APRA. Looking at his CV, it is pretty clear that he has absolutely no prior enforcement experience. "Prior to joining APRA, John worked for the Australian Treasury. He was a member of Treasury’s Executive Committee and held the position of Deputy Secretary, Markets Group at Treasury. In this role John had responsibility for financial system, consumer and foreign investment policy. In 2014 he led the Secretariat to the Financial System Inquiry, based in Sydney. John had been with the Treasury since 1986 and worked across key areas in the Department including Budget policy, tax policy, retirement incomes and the financial system. In 2008 and 2009 he worked as the Chief Advisor in the Secretariat supporting Australia’s Future Tax System Review, a major review of Australia’s tax and transfer systems."

https://www.miragenews.com/apra-releases-new-enforcement-approach/