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It’s time for banks to take more risk, not less

While the prudential regulator sees more stresses ahead for the banking sector, top bank CEOs worry the sector has become too risk-averse. They’ve got three big ideas to drive growth. 

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The contrast couldn’t be more stark.

The chairman of the Australian Prudential Regulation Authority, John Lonsdale, arrived at The Australian Financial Review Banking Summit on Tuesday to urge banks to take a broader view of risk, ahead of the regulator’s first stress test of the entire financial system in 2025.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/it-s-time-for-banks-to-take-more-risk-not-less-20240326-p5ffde