3 November 2017
Australian Bankers’ Association lodged a submission to the Senate inquiry into Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017 and accompanying Explanatory Memorandum.Download PDF
An earlier implementation date for the revised operational risk capital requirements will be difficult and should be optional.
The ABA welcomes the IGA review and is in general, supportive of its findings, draft recommendations and the draft options for improvement.
The ABA supports appropriate cost reflective funding of APRA. An adequately resourced regulator will ensure its regulatory mandate is undertaken in a timely and effective way.