13 November 2018
These regulations would extend the operation of the Design and Distribution Obligations to additional financial products. This submission outlines the ABA’s concerns regarding some aspects of this proposal.
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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 »
ABA’s submission to Data 61 on Consumer Data Rights Standards 0.9.3 highlighted the need for a number of important functional and security requirements to be embedded in the regime.
The ABA welcomes APRA’s revision of the current buffer and floor limits set in December 2014.
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New 2019 Banking Code of Practice
The new Banking Code is a set of enforceable standards that customers, small businesses, and their guarantors can expect from Australian banks.