APRA has failed to protect investors and superannuants over many years.
A Royal Commission recently reported this.
APRA today agreed they were a failure.
Yet they are allowed continue their muddled ineptitude.
From failures over 20 + years including Storm Financial and lack of Banks'...
As usual, the end of the month sees APRA releasing the bank balance sheets for the previous month (June 2011).
Overall, the picture of lending in Australia is one of a negative trend. The graph below is annual year on year growth rates of each of the lending sectors. Owner Occupied and...