John Lonsdale has been appointed chairman of the Australian Prudential Regulatory Authority as the agency grapples with rapidly rising interest rates and a property market slowdown that threatens to squeeze household and bank balance sheets.
Treasurer Jim Chalmers announced on Friday that Mr Lonsdale, who is one of the agency’s two deputies, will replace outgoing chairman Wayne Byres at the end of the month.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
Samantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au
