“It is worrying that increasing awareness around the importance of keeping personal information safe and the dangers of fraud did not prompt the firms to do more to protect their customers’ details.” Margaret Cole – Board Member Australian Prudential Regulation Authority (APRA)
Source: Reuters
About Margaret Cole:
Margaret Cole was appointed as an APRA Member from 1 July 2021 for a five-year term.
Born and raised in the United Kingdom, Margaret graduated from the University of Cambridge with a degree in law, and spent more than 20 years in private legal practice specializing in commercial litigation with an emphasis on financial services. She was formerly a partner at Stephenson Harwood and White & Case.
She joined the UK Financial Services Authority (FSA) in 2005 and rose to become Managing Director of Enforcement and Financial Crime and interim Managing Director of the Conduct Business Unit, as well as a board member of the FSA.
Prior to joining APRA, Margaret spent a year as PwC’s Global Regulatory Leader based in Melbourne. Before that, she was PwC UK Chief Risk Officer and General Counsel from 2012 to 2020.
Margaret has also been an independent non-executive director of Toronto Dominion Bank Europe Limited, Chair of Toronto Dominion Securities Limited and a Trustee and Exco member of the Institute for Fiscal Studies. She is an Honorary Fellow of her Cambridge college, Murray Edwards College (formerly New Hall). She has also been awarded an Honorary Doctorate of Law from the University of Law, London.
