Former AMP CEO Craig Meller (left) and chairwoman Catherine Brenner. AAP May 1, 2018 APRA and ASIC have the legal power to sack bank heads, but they need willpower Andrew Schmulow, The University of Western Australia ASIC and APRA don’t lack power to sack bank directors. They the lack the willpower to do so.
APRA chair Wayne Byres says the regulator is unlikely to use its new enforcement powers. AAP October 18, 2017 Why the new banking laws won’t be the slam dunk the government is expecting Helen Bird, Swinburne University of Technology While the government hopes its new regulation will rein in the banks, it’s unlikely to do so.
The new ASIC chairman, James Shipton, should be in charge of enforcing banking conduct. AAP October 18, 2017 Banking’s new BEAR is a teddy bear not a grizzly Pat McConnell, Macquarie University The new banking regulations undermine the existing system, confusing regulators and achieving very little.