Macquarie chief executive Shemara Wikramanayake has described Australia’s banking regulations as the strongest of any country the financial services giant operates, in a tacit rebuke to Commonwealth Bank which had suggested that the fast-growing lender was getting an easy run.
Data published by the prudential regulator showed Macquarie was continuing to gain share on the country’s four major banks, not only in home loans but also in deposits, which underpin lending.
