24 June 2016
The ABA lodged its submission with the BCBS on the Consultative Document Reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches. The ABA supports a simple and comparable capital framework that retains appropriate risk sensitivity.Download PDF
The ABA agrees that capital and funding, tax, skills and talent, culture and regulation are key factors that determine Australia’s competitive position to attract and maintain investment in technology. However, the ABA respectfully requests to also consider how Australia should best manage data in the emerging digital economy.
The ABA supports ASIC finalising this review and releasing updated regulatory guidance as soon as possible to provide clarity and assist credit licensees comply with their responsible lending obligations.