Economy

Jun 30, 2014

APRA chief John Laker leaves, with questions in his wake

John Laker leaves APRA -- and his long reign is heralded by some as a success. But don't forget the role of APRA in allowing a problematic foreign-borrowing before the GFC ...

Today is the last day in the job for the chairman the Australian Prudential Regulation Authority (APRA), John Laker. As chairman for 11 years, Laker oversaw the rebuilding of APRA after Peter Costello gutted it following the HIH insurance collapse in 2011.

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