ASX closes higher after US rate cut, flight delays in Sydney as Qantas makes emergency landing — as it happened
1 month, 2 weeks ago

ASX closes higher after US rate cut, flight delays in Sydney as Qantas makes emergency landing — as it happened

ABC  

In March, the chairman of banking and superannuation regulator Australian Prudential Regulation Authority, John Lonsdale, announced that the watchdog will be conducting Australia's first financial system stress test in 2025. APRA executive board member Therese McCarthy Hockey told FINSIA's The Regulators event on Friday that "It's only in a crisis that we truly learn if the financial system can act as an economic shock absorber – keeping money flowing so that households and businesses can buy goods and services, pay their bills and make investments". APRA executive board member Therese McCarthy Hockey That's why in in the first half of 2025 APRA would unveil its first system-wide stress test. The "System Risk Stress Test", she noted, will specifically look at the connections between the banking and superannuation system, and potential impacts on the broader financial system.

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