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
Former Federal Finance Minister and Senate Leader, The Hon. Simon Birmingham, will join the Australian Banking Association as Chief Executive Officer. ABA Chair and National Australia Bank CEO Andrew Irvine today announced Mr Birmingham’s appointment, replacing retiring CEO, The Hon. Anna Bligh AC. “We are delighted to have Simon lead our industry and help ensure… Read more »
Rick Hind: Anna Bligh is the CEO of the Australian Banking Association. Welcome back to 105.7 ABC Radio Darwin. Anna Bligh: Good morning, great to be with you. Rick Hind: Is it getting easier to scam people out of money from their bank accounts? Given how good technology is, the scammers seem to have as… Read more »
With end of financial year nearly here, the ABA is reminding customers to be on high alert for scammers looking to steal your hard-earned money. Common EOFY scams to be on the lookout for: ABA CEO Anna Bligh said with the end of financial year approaching, scammers are lining up and looking to cash in…. Read more »