1 July 2020
Open Banking officially began in Australia on July 1. It will ramp up across the banking sector over the next few months. Customers will be able to securely share their data to get the best deal possible on credit cards, savings accounts and other deposit products.
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“Since the Banking Code was first introduced in 1993, the process to independently review the Code has continued to deliver improvements.”
The CVA released today will inform future industry efforts in using scenario analysis as a tool for understanding climate change related financial risks.
“A number of our banks actually have maternity leave lending products that are specific to people on parental leave, paid and unpaid, to help them through, what as I said, can be a difficult time.”