Join us for an exclusive WIBF Business Series Event with Mr. Wayne Byres – Member and Chair of the Australian Prudential Regulation Authority (APRA).
Earlier this year, APRA released a draft prudential standard aimed at clarifying and strengthening remuneration requirements in APRA-regulated entities. In its discussion paper, APRA tabled a proposal to create a new prudential standard to better align remuneration frameworks with the long-term interests of entities and their stakeholders, including customers and shareholders.
In a keynote address exclusively to WiBF members, Mr Byres will share his insights on APRA’s recommendations on the remuneration and incentives practices in the current finance sector, and industry reaction and responses to date to APRA’s proposal.
Participants are encouraged to reflect on the role of APRA within the Banking and Finance industry, and bring focused questions to raise for discussion.
The goal of the Business Series is to introduce WiBF membership to senior leaders and influencers from the banking and finance sector who will present on emerging topics and thought leadership in the industry.
Mr Byres was appointed as a Member and Chair of APRA from 1 July 2014 for a five-year term. He was subsequently reappointed for a second five-year term commencing 1 July 2019.
Mr Byres' early career was in the Reserve Bank of Australia (RBA), which he joined in 1984. After more than a decade with the RBA, including a secondment to the Bank of England in London, he transferred to APRA on its establishment in 1998. Mr Byres subsequently held a range of senior executive positions in APRA, covering both its policy and supervisory divisions. In late 2011, Mr Byres left APRA to take up the appointment as Secretary General of the Basel Committee on Banking Supervision, the global standard setting body for banks based at the Bank for International Settlements in Basel, Switzerland. He held this position until his return to Australia in mid-2014.
Mr Byres is APRA’s representative on the Payments System Board, the Council of Financial Regulators, the Trans-Tasman Council on Banking Supervision, the Basel Committee and its oversight body, the Governors and Heads of Supervision.