The Australian Banking Association (ABA) is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.
The ABA plays an active role in the public dialogue on banking and financial services, providing commentary on broader industry issues and facilitating access to other sources of information.
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Steve Austin: Do consider this scenario, a relative or a friend caring for an older person decides to dip into that person’s accounts to pay for their own holidays or home renovations. And the banking institution can see the money going out of one account into another account. And they want to flag it with the… Read more »
“This is about engaging with the entire banking ecosystem in order to ensure the accessibility of the sector’s services are best serving our diverse community now, and into the future.”
“Since the Banking Code was first introduced in 1993, the process to independently review the Code has continued to deliver improvements.”
“I think it’s really important that we see this summit as the launch of a process, not the landing of it… two days is not going to be enough to solve some of the bigger issues.”
Twenty of Australia’s most influential business and finance peak bodies have come to an unprecedented consensus on the need for sustainability reporting.
removing existing legal barriers that make it more difficult for financial institutions to help victim survivors of financial abuse.
“This has been a thorough and transparent process and it has been encouraging to see the high levels of interest and engagement in the Banking Code.”
“While existing regulations have served Australia well, we have seen unprecedented changes in how we pay each other.”
Make your submission before 6 August.
The ABA supports the proposed licencing regime for debt management firms and has called for further changes to protect consumers.
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Today the Australian Banking Association has released a consultation paper on the use of credit cards for gambling. Banks have introduced a range of initiatives to help customers better manage their financial arrangements and mitigate harms related to problem gambling – technology solutions such as tools to help customers track their spending, customer directed blocks,… Read more »
Banks welcome today’s release of the Sylvan Review, which charts a path forward to strengthen Australia’s financial counselling sector. The Review highlights the importance of financial counsellors in helping Australians who are struggling to repay their debts, manage their household budgets and provide for their families in a difficult environment. Banks actively participated in the… Read more »
Customers at risk of elder financial abuse, those exiting a violent relationship and someone experiencing an unexpected long-term illness are among the focus of new ‘vulnerable customer guidelines’, on which public consultation opens today. The consultation, open to the public, will result in a new industry guideline on supporting vulnerable customers, to complement the new… Read more »
In its submission to the first Privacy Impact Assessment of the Consumer Data Right released today Australia’s banks back strong privacy settings to protect customers and have identified the pilot, due to commence this year, as an important test.
10 Oct 18 – Ending fees for no service Media Conference
28 Sep 18 – Media Conference Royal Commission Interim Report
Today’s release of the interim report of the Royal Commission into Financial Services, Insurance and Superannuation, marks a day of shame for Australia’s banks.
Australia’s banks have today backed the Federal Government’s move to limit cash payments to $10,000 to tackle the ‘black economy’, however have highlighted the need for any reform to be implemented carefully.
Australia’s banking industry is committed to the success of open data and believes that if done properly it can empower customers to achieve better deals and make more informed choices.