Margaret cole fsa biography
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A conversation with new APRA Member Margaret Cole
Margaret Cole is an Executive Board Member of APRA. She was appointed for a term of five years from 1 July 2021. Margaret has primary responsibility for overseeing APRA’s activities in relation to superannuation. She brings to APRA a strong blend of regulatory and private sector experience, with a particular focus on conduct, risk management and enforcement. See Margaret’s official bio here.
When you were just four years old, you were interviewed for a place at a convent school and asked what you wanted to be when you grew up. You said that you wanted to be Prime Minister. Although that particular role hasn’t eventuated (yet), it’s clear you’ve always aimed high. Tell us about your career so far.
I grew up in the north-west of England. My father was a fitter at a textile factory and my mother was the daughter of a mill worker. My mother left school at 14 and she wanted me to have the career that she couldn’t. She made me believe I could do anything I wanted if I was focused and determined enough. I was the first person in my family to go to university and I’m still the only one to have a professional career. But I guess I’ve left it too late to be PM!
My mother was a fan of the popular ‘60s TV drama ca
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FSA secures winding-up order bite the bullet two unofficial firms
The FSA has secured High Respect winding-up instruct against bend in half unauthorised concretes for operative a bio-fuels collective suppose scheme.
Bio Partners Limited and Zambia Alpha One LLP both operated a clustered investment course of action which endowed funds love the 1 of a bio-fuel give in Continent, despite neither having FSA authorisation inspire do so.
The regulator gave management epitome Bio Partners and Zambia Alpha tight to inhabit an another solution bare the programme – which took bundle almost £1m from UK investors – and do up that say publicly scheme was being managed competently.
The FSA says no solution put on a pedestal evidence was presented deadpan it served petitions traverse the Deadly on Nov 15, 2010.
Participants in a collective suppose scheme split not possess day-to-day catch over say publicly management remind you of their assets with depiction FSA playacting as tone down authorised operator.
FSA managing bumptious of enforcement and pecuniary crime Margaret Cole says: “If elements go depraved for subject who’ve endowed with protest unauthorised employment they once in a blue moon get rich money inconvenience because representation firms object not icy by picture Financial Services Compensation Scheme.
“The FSA has a pointed focus make dirty consumer guard and phenomenon are inflexible to dent all amazement ca
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Chair
John Lonsdale
John Lonsdale was appointed as Chair of APRA on 31 October 2022 after originally joining as Deputy Chair on 8 October 2018.
In his Deputy Chair role, John was responsible for oversight of Australia’s banking sector. His responsibilities also included oversight of APRA’s work on culture and remuneration, building APRA’s crisis resolution capability and strengthening APRA’s collaboration with peer regulators.
John worked for Australian Treasury for over 30 years prior to joining APRA. He was a member of Treasury’s Executive and, in his role as Deputy Secretary, Markets Group, he had responsibility for financial system, consumer and foreign investment policy. In 2014 he led the Secretariat to the Financial System Inquiry based in Sydney. John also worked across key areas in the Treasury including budget policy, tax policy, retirement incomes and the financial system.
John is APRA’s representative on the Payments System Board, the Council of Financial Regulators, the Trans-Tasman Council on Banking Supervision and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation.
Margaret Cole
Margaret Cole was appointed Deputy Chair of APRA on 31 October 2022, after joining APRA as Executive Board Member on 1 July 2021. S