19 September 2025
The ABA today acknowledges and thanks outgoing ASIC Chair Joe Longo for his strong leadership as Chair of ASIC for the past five years.
ABA CEO Simon Birmingham said Mr Longo had made a significant contribution to ensuring Australia has a fair financial system focused on the interests of both investors and consumers.
“The ABA thanks Mr Longo for his public service and contribution to ensuring Australia has a properly regulated and safe banking system,” Mr Birmingham said.
“Joe is a tough but fair regulator. He has led ASIC through an important time of change and challenge in our financial system.
“He has always taken a consultative approach in his role, consistently making himself available to the ABA and our members for engagement.
“I also particularly welcome his commitment and engagement on pursuing regulatory simplification without dropping standards or protections for customers. “Mr Longo has brought an important mix of both commercial and regulatory experience to the role, which will be important for ASIC to maintain in the future.”
Latest news
Australia’s banks contributed a record $16 billion in taxes and other levies in the 2025 financial year, enough to fund over 370 million bulk-billed GP appointments, according to a new report released today by the Australian Banking Association. The Contribution Gap: Tax and regulatory imbalances in the digital age, highlights the critical role banks play… Read more »
The ABA welcomes the release today of Treasury’s exposure draft legislation to regulate Australia’s cash-in-transit sector. ABA CEO Simon Birmingham said this regulatory framework was an essential piece in the puzzle of ensuring cash remains available to Australians who still use it. “This is a welcome step and will be an important safety net in… Read more »
E&OERadio InterviewABC Radio Sydney20 April 2026. Topics: Banking support; Interest free loans for business; Industry groups call for red tape reduction; Work from home arrangements Thomas Oriti (Host): We’re hearing today that Australian banks are supporting the roll out of zero interest loans with banks to administer them to businesses in identified priority sectors with… Read more »