Planning for Tomorrow

ABA Banking Conference 2022: Planning for tomorrow

The inaugural ABA Banking Conference was held at the Hyatt Sydney on 11 March 2022. Keynote speaker RBA Governor Philip Lowe opened the conference and set the tone for the day which focused on ‘Planning for tomorrow’. The Governor identified three key challenges that should be planned for:

higher interest rates,
the changing nature of money,
and climate change.

Key points raised by the conference

Governor Lowe explained an interest rate rise was “plausible” in 2022, while Joseph Longo outlined ASIC’s concern about ‘greenwashing’ along with the need to urgently regulate the cryptocurrency market in Australia.
Peter King, Marnie Baker and Anna Bligh said customers remain the priority and discussed the industry’s commitment to support people impacted by the floods and assist customers as Australia continues its digital transformation.
The panels explored and debated challenges and issues facing our industry here and now, including the Financial Difficulty panel as well as the Disruption panel.