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ABC News
ABC News
Business
business reporter Daniel Ziffer

Australian banks are boring, scrutinised … and safe, says APRA boss

APRA Australia United States John Lonsdale Anna Bligh John Gunn Michael Lawrence Peter King Barrenjoey RBA
APRA regulates banks, insurers and super funds, with a focus on the stability of the financial system. (ABC News)

Don't panic. That's the message from one of Australia's top financial regulators, John Lonsdale of APRA.

At a banking summit hosted by the Australian Financial Review, he said Australians can be confident their money is safe in bank deposits.

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