Exciting times for the Financial System
- Written by The Conversation
Like Malcolm Turnbull, the head of the Australian Prudential Regulation Authority (APRA), Wayne byres, is a glass half full type of guy. In a speech to the Institute of Actuaries this week, Mr Byres was fairly bubbling over with enthusiasm (for a regulator that is)
In short, the [banking] sector is well-capitalised, and risk-based capital ratios...