APRA aware of IAG’s potential Greensill risk since November – Sydney Morning Herald

The prudential regulator had been monitoring Insurance Australia Groups potential multi-billion dollar exposure to troubled finance house Greensill since last year, despite the insurance giant privately insisting it doesnt carry the risk for the policies.
Two sources close to the situation but without authority to comment on the record confirmed the Australian Prudential and Regulatory Authority (APRA) had concerns about IAG Insurance Australia Limiteds relationship with Greensill, over what threatened…

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