Skip to content

Latest submissions

The Australian Banking Association provides submissions to Governments, regulators and other organisations about issues affecting the banking and financial services industry.

PDF
Consumer Data Right Exposure Draft Response
7 Sep 2018
ABA members support the introduction of a consumer data right that will encourage innovation and enable customers to benefit from data sharing while ensuring their privacy is safeguarded. Appendix available here.
PDF
Product Intervention and Design and Distribution Obligations (Treasury)
15 Aug 2018
The banking industry supports the intent of the Design and Distribution Obligation (DDO) to assist “consumers select appropriate financial products by requiring issuers and distributors to appropriately market and distribute financial products,” but highlights some concerns around the current draft legislation.
PDF
Royal Commission Round 4 - Rural and Remote Communities
3 Aug 2018
Many of the poor outcomes experienced by consumers in the Round 4 case studies are likely to be improved with the implementation of industry reforms currently in train.
PDF
ABA Response to Australian Financial Complaints Authority rules consultation
6 Jul 2018
The ABA appreciates the opportunity to comment on the proposed AFCA rules and expresses our view that its operation should be efficient and effective and that decision processes should be transparent and clear as this is in the best interest of customers.
PDF
Introducing an economy-wide cash payment limit
5 Jul 2018
The ABA supports the Government’s announcement of an economy-wide cash payment limit of $10,000 for payments to businesses for goods and services, to apply from 1 July 2019. However we raise four points around the operation of the $10,000 limit to ensure it meets the Government’s intentions and does not lead to any unintended consequences or unnecessary red tape.
PDF
Revisions to the minimum capital requirements for market risk
20 Jun 2018
This consultation is a step forward in improving the risk sensitivity, consistency and operational process of some aspects of the market risk framework. However, certain aspects of the framework remain excessively onerous, unduly complex and unrepresentative of the actual risk intended to be mitigated in smaller markets such as Australia.
PDF
Revisions to the capital framework for ADIs
15 Jun 2018
The ABA welcomes the APRA discussion paper which includes proposed revisions to the capital framework, as well as other changes to better align the framework to risks, including in relation to housing lending.
PDF
Royal Commission Round 3 - Small Business Lending
8 Jun 2018
Self-regulation of the banking industry through the Banking Code of Practice is adequate to address any residual concerns raised in the context of the Round 3 Hearings about the coverage of obligations imposed on the banks.
PDF
Information security management: A new cross-industry prudential standard
7 Jun 2018
The ABA welcomes APRA’s steps to strengthen the industry’s cyber resilience and also supports measures that will require all regulated entities to lift their cyber security capabilities.
PDF
Leverage ratio requirement for ADIs
1 May 2018
The Australian Banking Association (ABA) appreciates the opportunity to provide APRA with comments on the Discussion Paper: Leverage ratio requirement for authorised deposit-taking institutions

What’s new

A sensible path forward for Open Banking
10 May 2018
Open Banking will allow customers, at their request, to share their personal information with other financial institutions to allow them to find a better deal on expenses such as electricity bills, telecommunications and other items.
Download PDF

ABA blog

Customers at centre of mortgage industry overhaul
Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018

Latest tweets