Dr Laker was Chairman of the Australian Prudential Regulation Authority(APRA) over an 11–year period from 1 July 2003 to 30 June 2014. APRA isthe prudential regulator of the Australian financial services industry,overseeing Australia’s banking institutions, insurance companies and most ofthe superannuation industry.
As Chairman, Dr Laker was APRA’s representative on the Payments SystemBoard of the Reserve Bank of Australia (RBA), the Council of FinancialRegulators, the Trans-Tasman Council on Banking Supervision, the BaselCommittee on Banking Supervision (BCBS) and its oversight body, theGovernors and Heads of Supervision (GHOS). He was also a director of theCentre for International Finance and Regulation.
Currently, Dr Laker is an External Expert for the International Monetary Fund(IMF) and has participated in reviews of banking systems and supervisoryarrangements in the United States, Israel, Indonesia, the Euro Area andSpain. He is a member of the External Advisory Panel of the AustralianSecurities and Investments Commission. He is Chairman of The Banking andFinance Oath Ltd, a Director of Cancer Council NSW and a member of theCouncil of the University of Technology Sydney. He also lectures at theUniversity of Sydney.
Prior to his appointment to APRA, Dr Laker had an extensive career in theRBA, holding senior positions in the economic, international and financialstability areas, both in Australia and London. Before the RBA, Dr Laker workedin the Commonwealth Treasury and the IMF.
Dr Laker was made an Officer of the Order of Australia in 2008 for services tothe regulation of the Australian financial system and to the development andimplementation of economic policies nationally and internationally.