July 2019 Newsletter

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Publication
Banking Code of Practice (2020 Release, awaiting ASIC authorisation)
12 December 2019

This is the version of the Banking Code of Practice that takes effect on 1 March 2020. It is currently awaiting ASIC authorisation.

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Media Release
ASIC responsible lending guidance important for stability
9 December 2019

Today’s release of ASIC’s updated RG 209 Credit Licensing: Responsible lending obligations is an important milestone in clarifying responsible lending obligations for banks. CEO of the Australian Banking Association Anna Bligh said that the updated RG 209 would provide clarity to banks on ASIC’s views on what responsible lending obligations require before offering credit to… Read more »

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December 2019 Newsletter
5 December 2019

The ACCC has authorised changes to the Banking Code of Practice, in line with recommendations of the Royal Commission, and initiatives of the ABA.

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