Search ResultsShowing 1 - 10 of 22 results for "Australian Banking Association"
CBA chief tasked with rebuilding banking
ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Commonwealth Bank chief Matt Comyn has taken over the reins as chair of the Australian Banking Association (ABA). The position is rotated between the chief executives of Australia's major banks, with ANZ chief executive Shayne Elliot stepping down from ...
Planners can prevent financial abuse
ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
... issue of financial abuse of the vulnerable, with new legislation in the United States and the Australian Banking Association calling for a national protective strategy. "The focus should be on client safety and security, protecting the dignity of the ...
ACCC to probe rate cut decisions
HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... setting their prices." Responding to the inquiry, the banking sector's peak advocacy body, the Australian Banking Association said the sector stood "ready to assist the ACCC" in the inquiry. "Banks are no stranger to public scrutiny and look forward ...
Culture change must not be a fad: APRA
HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... changes to the sector's culture cannot disappear once the spotlight moves away. Speaking at the Australian Banking Association's national economic series in Sydney on Wednesday, Byres said APRA's four-year plan to make a difference to financial services ...
Peak bodies respond to government roadmap
KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... underperformance and the fact that one in three workers are not even getting paid super," he said. The Australian Banking Association, meanwhile, highlighted the action they had already taken to implement the Commission's recommendations before the legislative ...
Banks push to leave vertical integration on the table
HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... to forcefully separate deposit taking banks from wealth management and investment banking, the Australian Banking Association (ABA) has weighed in, telling the committees Australia's banks should be able to return to the model in the future, should they ...
ABA moves to protect vulnerable customers
ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... relationship and people experiencing long-term illness are the focus of new guidelines proposed by the Australian Banking Association. The ABA opened a consultation to the public which will result in new industry guidelines aiming to better support vulnerable ...
Indigenous super access needs improvement
KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... trained staff. One of Hayne's recommendations in the Royal Commission final report is for the Australian Banking Association to amend its code so that if a customer identifies as an ATSI, the bank will follow AUSTRAC's guidance on identification and ...
AFSL reference checking protocols required
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission has said. In the ...
APRA lifts interest-only restrictions
HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
... institutions have been made, it will allow banks to make new interest-only loans. According to the Australian Banking Association (ABA), the move will improve the competitiveness of smaller and regional banks. "APRA's announcement today shows that ...
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