APRA farewells Deputy Chair Margaret Cole

The Australian Prudential Regulation Authority (APRA) Chair John Lonsdale today paid tribute to Deputy Chair Margaret Cole who finishes her term at APRA today.

Mr Lonsdale said Ms Cole has made a significant contribution to APRA over her five-year term through her prudential oversight of the systemically significant superannuation industry and for strengthening APRA's enforcement work.

"Through her work at APRA, Margaret has made a positive impact on the superannuation industry and the retirement outcomes of Australians.

"On behalf of APRA, I thank Margaret for her many contributions and wish her all the best for the future," Mr Lonsdale said.

APRA expects the Australian Government to make an announcement about the APRA Deputy Chair recruitment process in due course.

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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.

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