Published: July 16, 2019
Josh Frydenberg promises reform as regulator urged to end its culture of secrecy
Australia’s prudential regulator will gain new powers to prevent “inappropriate” directors and senior executives being appointed, the federal government has promised.
The treasurer, Josh Frydenberg, made the commitment on Wednesday, responding to a scathing review of the Australian Prudential Regulation Authority that called for the regulator to reverse a culture of secrecy and increase its focus on superannuation.
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