The Australian Bankers’ Association’s role
The ABA works with its members to provide analysis, advice and advocacy and contributes to the development of public policy on banking and other financial services. Our aim is to ensure Australian banking customers continue to benefit from a healthy, stable and competitive banking industry.
The ABA ensures the banking industry’s views are put forward when governments determine policy or legislation. Many areas of Commonwealth and State law and in some cases international law, impact upon the interests of Australian banks. The Australian Competition and Consumer Commission (ACCC), the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) all regulate banks. Many areas of law, for example taxation or financial sector reform, affect the trading environment for Australian banks and the ABA consults its members to form industry positions on these and many other issues.
With the active participation of the member banks, the ABA works to foster an environment in which financial services are valued and can prosper. In communicating the industry’s views, the ABA works with Commonwealth and State and Territory Governments, the regulators, other industry associations, the community, community groups and the media.
The ABA is led by Steven Münchenberg, Chief Executive Officer, who is supported by a team of senior public policy staff. He was appointed the CEO of the ABA in 2010 and plays a crucial role in fulfilling the ABA’s responsibility to improve public awareness and understanding of the industry’s contribution to the community, with a strong emphasis on consultation with stakeholders.
The ABA is governed by a Council which comprises Chief Executive Officers of member banks. Read More