14 October 2019
Australia’s banks stand ready to assist the ACCC in this inquiry. Banks are no stranger to public scrutiny and look forward to the opportunity to cast more light on mortgage pricing and the many important factors that influence the setting of interest rates.
The first priority of Australia’s banks is the implementation of the Royal Commission. Banks are also working night and day to prepare for the Consumer Data Right to empower customers to more easily shop around for the financial service that best meets their needs.
ENDS
Contact: Rory Grant 0475 741 007
Latest news
The ABA has called upon Federal and State Australian governments to work together to combat the ongoing problem of elder financial abuse.
In the 12 months to February 2022, ABA member banks lent an average of $4.2 billion to agribusinesses across the country every month.
The working paper focuses on the construction and agriculture sectors and seeks to provide a point of reference for banks to operationalise modern slavery risk identification and management.