14 October 2019
Australia’s banks stand ready to assist the ACCC in this inquiry. Banks are no stranger to public scrutiny and look forward to the opportunity to cast more light on mortgage pricing and the many important factors that influence the setting of interest rates.
The first priority of Australia’s banks is the implementation of the Royal Commission. Banks are also working night and day to prepare for the Consumer Data Right to empower customers to more easily shop around for the financial service that best meets their needs.
ENDS
Contact: Rory Grant 0475 741 007
Latest news
E&OERadio InterviewInterview on 2GB8 October 2026 Topics: Regional banking Michael McLaren: You may have seen the story today, the Australian Banking Association has put forward an idea to address the declining presence of our top banks in rural Australia. In fact, regional bank branch numbers have declined by 38 per cent since 2017. So, there… Read more »
E&OERadio InterviewInterview on ABC News Radio8 October 2026 Topics: Regional banking Sarah Morice: Australia’s banks are seeking permission to team up in the bush. The Australian Banking Association has asked the competition watchdog for an exemption from competition law, so that several banks can share a single physical branch in regional towns. Now, if you… Read more »
E&OETV InterviewInterview on Win News8 October 2026 Topics: Regional banking Bonnie Collings: Can you give a bit of an overview of what the ABA have put forward to the ACCC? Simon Birmingham: We’re asking the ACCC to allow banks to cooperate on three things. Firstly, regional service commitments that will be banks explaining how they’re… Read more »