John Lonsdale is the likely frontrunner to replace Wayne Byres at the head of the prudential regulator when he steps down in October.
Australian Prudential Regulatory Authority chairman Wayne Byres has advised Treasurer Jim Chalmers that he will step down, with a search now underway for his replacement.
“His leadership and expertise has positioned the Commonwealth to respond well to some of the greatest challenges in Australia’s history - most recently in ensuring the stability of the financial system during the COVID-19 pandemic,” Dr Chalmers said.
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