7 August 2025
The ABA welcomes the release of the Council of Financial Regulators’ (CFR) review
into small and medium-sized banks.
ABA CEO Anna Bligh said the review findings and recommendations would help
ensure there is a more level playing field for Australia’s small and mid-tier banks.
“This is an important step forward in ensuring Australia maintains a strong and
competitive banking sector,” Ms Bligh said.
“Having a diverse range of banks ultimately means more competition in the market and
that delivers more choice and better outcomes for customers.
“There are positive steps in this review to ensure the regulatory settings allow small
and medium-sized banks to compete and succeed.
“In particular, we welcome moves to formalise more proportionate regulation, support
lower funding costs and reduce unnecessary regulatory reporting.
“Our industry thanks the Council of Financial Regulators for their engagement
throughout the review and stands ready to assist in the effective implementation of
these recommendations.”
Contact: Benn Ayre | [email protected] | 0428 342 325
Latest news
E&OE Bran Black, BCA: I’m here with colleagues from industry associations that represent the length and breadth of Australia’s economy, and we’re here today to talk about a couple of key features of the Budget. What I wanted to do is just take a step back first and just talk about how we came together…. Read more »
The Alliance of Industry Associations described measures in the Federal Budget as positive first steps on productivity reform, while calling for further action to deliver sustained cost of living relief for households and businesses. The Alliance, representing around 30 industry groups from a broad cross-section of Australia’s economy, has previously called for a significant package… Read more »
The ABA says the 2026 Federal Budget lays the groundwork for reforms that enhance productivity across the financial services sector and the broader economy. Projected improvements to the overall Budget position through lower deficits and a more sustainable fiscal trajectory are also welcome. Ongoing fiscal discipline, including spending restraint, will be key to placing… Read more »