The head of Australia's bank regulator will end his term almost two years early, announcing he will step down from his role at the end of October.
The head of Australia's bank regulator will end his term almost two years early, announcing he will step down from the role at the end of October.Wayne Byres will step aside as the chair of banking, super and insurance regulator APRA on October 30Treasurer Jim Chalmers says the government will conduct an "open and transparent" process to find the new APRA chair
However, Mr Byres has advised the Governor-General of his intention to step down as APRA chair on October 30, 2022. "There is always more to do, but the financial system is stable, APRA's leadership team is strong, and the organisation and its people are well placed to continue to manage future challenges," he said in a statement.
Treasurer Jim Chalmers said in a statement the government would "undertake an open and transparent process to select the next APRA chair".
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