The Banking Executive Accountability Regime – Consultation on Product Responsibility
30 August 2019
The ABA endorses recommendation 1.17 of the Financial Services Royal Commission and APRA’s core objective of heightened and clarified end to end accountability among senior executives for an ADI’s products.
Download PDFBEAR Regime – Size of an ADI – Draft Legislative Instrument
20 April 2018
The ABA recommends that the draft legislative instrument be amended so that a ‘small ADI’ would be defined as having less than or equal to $30 billion total resident assets rather than the current definition of having less than or equal to $10 billion total resident assets (on a three-year average).
Download PDFTreasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017
1 November 2017
As noted in our 4 August 2017 submission in relation to Banking Executive Accountability Regime (BEAR) Consultation Paper (Consultation Paper), and again in our 29 September 2017 submission on the Exposure Draft Bill; the ABA welcomes those reforms that strengthen accountability and competition in the banking industry.
Download PDFAustralian Bankers’ Association BEAR submission
29 September 2017
The ABA provided a submission to Treasury on exposure draft legislation of the Banking Executive Accountability Regime and the accompanying draft Explanatory Memorandum.
Download PDFBanking Executive Accountability Regime: Consultation Paper
4 August 2017
The ABA welcomes reforms that strengthen accountability and competition in the banking system. We support enhanced responsibility and accountability of ADIs executives and the BEAR’s stated policy intent to “provide greater clarity in relation to responsibilities and impose heightened expectations of behaviour in line with community expectations.”
Download PDFThe Australian Bankers’ Association submission on the BCBS Consultative Document: Guidelines: Prudential treatment of problem assets
15 July 2016
The ABA lodged a submission with the Basel Committee on Banking Supervision on the prudential treatment of problem assets - definitions of non-performing exposures and forbearance.
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