Inquiry into Future Directions for the Consumer Data Right
21 May 2020
The ABA supports the ongoing development and expansion of the Consumer Data Right (CDR). As the first sector to launch with Open Banking, the banking industry has contributed significantly to operationalising the CDR vision through expertise within the sector as well as providing the Open Banking systems through which the first consumer data will flow in the CDR.
Download PDFAusPayNet application for revocation of authorisation A91497 and A91498 and substitution of AA1000495
6 May 2020
The ABA supports the AusPayNet application for re-authorisation. The ABA considers the Issuers and Acquirers Community (IAC) framework provides opportunities for coordination, self-regulation and policy setting which delivers important public benefits.
Download PDFAPG 220 Credit Risk Management Submission
19 March 2020
The ABA is supportive of modernising prudential guidance in line with contemporary credit risk management practices. However, it is important to ensure that any new guidance sits comfortably within a predictable and transparent regulatory framework for ADIs
Download PDFProposed timetable for participation of non-major ADIs in the CDR
3 March 2020
In discussions between the ACCC, ABA and non-major banks on 13 February 2020, the ABA and members unanimously expressed their concern for the 1 February 2021 launch for phase 1 products. Members reconfirmed the importance for maintaining a 12-month implementation timeline from the major banks’ launch date.
Download PDFModel Participation Rules – ARNECC Consultation Draft Version 6
2 March 2020
The proposed amendments to the MPR are significant and the ABA is strongly opposed to Draft Version 6 of the MPR in their current form. The ABA is not aware of any instance of identity fraud in the electronic e-conveyancing system that would warrant such significant and costly changes.
Download PDFARS 115 Standardised measurement approach to operational risk
24 February 2020
The ABA asks APRA to consider the ARS 115 consistency with the accounting standard and consistency with current data consultation outcomes.
Download PDFSenate Economics Committee Inquiry into the Australian Business Growth Fund Bill 2019 [Provisions]
17 February 2020
The ABA strongly supports the Government’s initiative to help small businesses grow by coinvesting with banks to establish this Australian Business Growth Fund. The Fund is designed to provide equity finance to qualifying businesses across a range of industries and locations.
Download PDFRevisions to APS 111 Capital Adequacy: Measurement of Capital
14 February 2020
The ABA supports APRA’s review of the capital framework but asks for further consideration of investment in regulated subsidiaries.
Download PDFACCC CDR consultation on how to best facilitate participation of third party service providers
7 February 2020
The ABA supports the inclusion of TPSPs within the CDR regime. TPSPs could play an important role in the efficient and cost-effective provision of services to consumers. The entry of TPSPs, with appropriate governance and consumer protections, will enable the development of a richer and more vibrant ecosystem.
Download PDFCorporate Criminal Responsibility Discussion Paper (DP 87) November 2019
7 February 2020
The ABA supports a principled approach to policy making on Commonwealth criminal responsibility. Such an approach stands to enhance confidence in the regulatory framework by providing consistent, predictable treatment of conduct across the regulatory landscape.
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