fbpx
Skip to main content
Get step-by-step help: Financial Assistance Hub

Ian Govey AM to chair Banking Code Compliance Committee

12 February 2020

Former Australian Government Solicitor Ian Govey AM has been appointed to chair the Banking Code Compliance Committee (BCCC), the independent body that monitors and enforces the new Banking Code of Practice.

The Chair was selected after a thorough recruitment process, jointly run by the Australian Banking Association and the Australian Financial Complaints Authority.


“The BCCC plays a strategic function in monitoring the effectiveness of the new Banking Code of Practice and shaping good industry practice”

David Locke, CEO AFCA

CEO of the Australian Banking Association Anna Bligh said Mr Govey would be a strong, independent chair ensuring that banks are held accountable for the promises made to their customers through the new Banking Code of Practice.

“As part of their commitment to a new Banking Code of Practice which has real teeth, banks have formed a tougher and stronger independent body to monitor and enforce its implementation,” Ms Bligh said.

“The appointment of Ian Govey AM to the role of Chair of the Banking Code Compliance Committee means thoroughly independent oversight ensuring banks implement the new Code as promised,” she said.

CEO of the Australian Financial Complaints Authority David Locke welcomed Mr Govey’s appointment to this important role.

“The BCCC plays a strategic function in monitoring the effectiveness of the new Banking Code of Practice and shaping good industry practice,” Mr Locke said.

“Mr Govey will bring a wealth of experience to the important work of the Banking Code Compliance Committee,” he said.

Mr Govey said, “I’m pleased to accept this appointment and look forward to playing a role in ensuring the Banking Code is strong and effective in protecting the interests of customers.”

Mr Govey replaces Professor Christopher M Doogan AM as Chair of the BCCC. Prof Doogan was also Chair of the predecessor organisation, the Code Compliance Monitoring Committee (CCMC) for a period of 6 years. The ABA and AFCA thank Prof Doogan for his stewardship and contribution over this long period and wish him well for the future.

ENDS

Contact: Rory Grant 0475 741 007

Latest news

1 / 3
Transcript
ABC RN: banks respond to floods, inflation
6 July 2022

ABA CEO Anna Bligh spoke on ABC radio on how banks are responding to the floods across NSW, and the RBA’s moves to curb inflation.

Read more
Media Releases
On World Elder Abuse Awareness Day the ABA calls for cooperation to combat financial elder abuse
15 June 2022

The ABA has called upon Federal and State Australian governments to work together to combat the ongoing problem of elder financial abuse.

Read more
Media Releases
Australia can bank on growing agribusiness sector
6 June 2022

In the 12 months to February 2022, ABA member banks lent an average of $4.2 billion to agribusinesses across the country every month.

Read more