Media releases

The Australian Banking Association is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.

A sensible path forward for Open Banking
10 May 2018: The announcement by the Federal Government of a phased approach for introducing Open Banking is a sensible path forward for this important reform, enabling banks to design a secure system which benefits Australian consumers.
Power of attorney order changes will protect against elder financial abuse
9 May 2018: The announcement in this year’s budget of a move to standardise power of attorney orders and create a national online register will help empower bank staff as they play their part in tackling the growing problem of financial abuse against the elderly across the country.
Statement from CEO Anna Bligh
20 April 2018: The past few days of hearings at the Royal Commission have been sobering for the entire industry. The issues raised have been unacceptable and do not meet the high standards the community rightly expects of banks.
RBA Small Business Roundtable opens conversation
18 April 2018: The challenges and opportunities facing small and medium businesses in Australia today were the focus of discussions at a Roundtable hosted by the Reserve Bank of Australia.
Final McPhee report shows reform well underway
17 April 2018: Today’s release of the final report of independent governance expert, Mr Ian McPhee AO PSM, shows that Australia’s banks have made significant progress on the Better Banking Reform Program, including finalising many of its measures.
Open Data, great news for consumers if done right
26 March 2018: Australia’s banking industry is committed to the success of open data and believes that if done properly it can empower customers to achieve better deals and make more informed choices.
New Banking Code of Practice will be compulsory, binding and enforceable
26 March 2018: In a first for the industry, retail banks in Australia will be required to sign up to the new Banking Code of Practice as a condition of membership to the Australian Banking Association.
New education standards good news for customers
21 March 2018: The Australian Banking Association welcomes the work of the Federal Government and the Financial Adviser Standards and Ethics Authority with the release of proposed guidelines on education standards for financial advisers.
Thousands helped by banks’ inclusion programs
21 March 2018: Thousands of vulnerable Australians, from newly arrived refugees to customers experiencing domestic violence, have been helped by Australia’s banks as they roll out new programs aimed at improving access to financial products and increasing financial literacy.
ACCC report shows massive home loan discounts
15 March 2018: The Australian Banking Association welcomes today’s ACCC interim report into residential mortgages, which clearly shows very high levels of discounting in the Australian home loan market. It’s clear that competition is delivering better deals for customers, shopping around works and Australians should continue to do so to get the best discounts on the advertised rate.

What’s new

A sensible path forward for Open Banking
10 May 2018
The announcement by the Federal Government of a phased approach for introducing Open Banking is a sensible path forward for this important reform, enabling banks to design a secure system which benefits Australian consumers.
Read More

ABA blog

Customers at centre of mortgage industry overhaul
Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018

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