The Australian Bankers’ Association submission on CP260: Further measures to facilitate innovation in financial services

The ABA thanks ASIC for the opportunity to comment on its discussion paper on the dynamics between public and private markets.

The ABA welcomes APRA providing clarity on the proposed targeted changes for Higher Education Loan Program (HELP) debt obligations and the constructive approach it is taking on this consultation.

The ABA welcomes APRA’s consultative approach to the potential impacts of the proposed replacement of AT1 capital with higher amounts of CET1 and Tier 2 capital under APRA’s prudential framwork in Australia.