APRA consultation on APS 220 Credit Risk Management

5 July 2019

The ABA welcomes the timely review of APS 220 to incorporate the new developments in credit risk management practices, including the new accounting standards and the Basel Committee supervisory guidance on sound credit risk practices. The ABA agrees that effective management of credit risk is a critical component of a comprehensive approach to risk management… Read more »

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Removal of the exemption for funeral expenses policies
18 October 2019

The ABA fully supports the removal of the exemption for funeral expenses policies from the defintion of financial products.

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Corporations Amendment (Design and Distribution Obligations) Regulations 2019
11 October 2019

The ABA welcomes the exclusion from the requirement to provide a Target Market Determination (TMD) of credit provided wholly or predominantly for business purposes. In implementing this legislation, it is important that the principle of scalability be flexibly applied and that clear guidance be given on this by ASIC. We welcome the clarification around the… Read more »

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ASIC Enforcement Review Taskforce
11 October 2019

The ABA supports stronger powers for ASIC and a strengthening of the regulatory framework for financial services and corporations laws generally as recommended by the ASICERT.

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