11 March 2016
The ABA welcomed the opportunity to provide feedback on the Basel Committee on Banking Supervision, Second consultative document: Standards: Revisions to the Standardised Approach for credit risk.Download PDF
The ABA fully supports the removal of the exemption for funeral expenses policies from the defintion of financial products.
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 »