Australian banks are boring, scrutinised … and safe, says APRA boss
Don't panic. That's the message from one of Australia's top financial regulators, John Lonsdale of APRA.
At a banking summit hosted by the Australian Financial Review, he said Australians can be confident their money is safe in bank deposits.
What APRA is and what it is doing
The Australian Prudential Regulation Authority is tasked with supervising authorised deposit takers (banks, credit unions and building societies), insurers and superannuation funds.
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