5 December 2018
Today the Australian Banking Association Council held its Annual General Meeting, re-electing Shayne Elliott as Chair and David Carter as Deputy Chair for another 12 months.
Mr Elliott, CEO of ANZ and Chair of the ABA since December 2017, said there was much work to be done as the industry continues to reform and re-earn trust.
“I’m pleased to have been re-elected Chair of the ABA for what will be an important year for the industry as we continue to earn trust from customers and the community,” Mr Elliott said.
“While there has been significant reform in recent years, the Royal Commission has clearly highlighted we have made mistakes. The industry has accepted responsibility for our failures and we are accountable for fixing them quickly,” he said.
Mr Carter, CEO of Suncorp Bank and Deputy Chair of the ABA since June this year, said he was pleased to be re-elected Deputy Chair and focussed on embedding change in the industry.
“Rebuilding trust with the Australian community will take a significant and sustained effort from the industry,” Mr Carter said.
“Every member of the ABA is strongly committed to embedding change to ensure issues identified by the Royal Commission are not repeated in the future,” he said.
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“the earlier that people speak to their bank, the more likely it is that the bank can find a solution that will work and keep the customer out of financial strife.”
Twenty of Australia’s most influential business and finance peak bodies have come to an unprecedented consensus on the need for sustainability reporting.
“Over the past eight years, Mr Byres has provided strong leadership… particularly through the very stormy economic waters of recent times.”