APRA has a key role in the governance of a strong banking system
26 July 2022
The Australian Banking Association (ABA) and member banks acknowledge and thank Mr Wayne Byres for his invaluable contribution to the Australian financial system over the past eight years.
Australian Treasurer the Hon. Jim Chalmers MP today announced that Mr Byres will step down as Chair of the Australian Prudential Regulation Authority (APRA) from 30 October 2022.
ABA Chief Executive Anna Bligh said that Mr Byres’ leadership over the past eight years has increased the safety and stability of Australia’s financial system over the long term, ensuring it is “unquestionably strong.”
“Over the past eight years, Mr Byres has provided a steady hand and strong leadership, both in Australia and internationally, particularly through the very stormy economic waters of recent times. He has made an invaluable contribution,” Ms Bligh said.
“As evidenced during the Covid-19 pandemic, Australia’s banks are well capitalised and well placed to handle unexpected shocks to the economy. The prudential strength of Australia’s banks enabled them to act as shock absorbers and support their customers through the pandemic.
“With the leadership of Wayne Byres, APRA was able to take a nimble and pragmatic approach to the regulatory framework during this period which underpinned the ability of banks to act quickly.
“Wayne Byres is to be congratulated for his strong leadership and his determination to ensure that Australia has one of the world’s strongest banking systems.”
Latest news
E&OERadio InterviewABC Radio National with Sally Sara21 October 2026. Topics: Jobs in banking Sally Sara: First, NAB is the latest major bank to announce a significant restructure of its workforce, with plans to cut up to 2,500 jobs. NAB says most of the jobs will go by the end of the year, citing economic challenging… Read more »
Banks have welcomed Shadow Treasurer Tim Wilson’s call today for the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) to give more weight to economic growth in their decision making. ABA CEO Simon Birmingham said regulation that supports growth is key to lifting productivity across the economy. “Banks want to… Read more »
E&OETV InterviewInterview ABC Afternoon Briefing19 October 2026 Topics: Australia-EU free trade deal, investment benefits Patricia Karvelas: Simon Birmingham is the CEO of the Australian Banking Association, but he’s a former finance minister in a previous coalition government. And our guest, welcome to the program. Simon Birmingham: Hi, Patricia. Good to be with you again. Patricia… Read more »