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Media Releases

The Customer Owned Banking Association has congratulated APRA for agreeing to more actively champion the consideration of competition in its decision-making processes.

Australians are continuing to look beyond the ‘Big Four’ with new data showing consumers are choosing customer owned banking institutions over the investor owned banks.

The Customer Owned Banking Association looks forward to consulting with our member banking institutions and engaging with APRA on draft revisions to the banking capital framework released today by APRA.

The Customer Owned Banking Association has strongly criticised a Treasury proposal to hike levies on smaller banks while cutting levies for the four major banks.

The Customer Owned Banking Association congratulates the Morrison Government on its victory and the Opposition on its campaign.

Changes to the regulatory framework for home lending are needed to promote competition in banking, according to an independent report commissioned by the Customer Owned Banking Association.

The Customer Owned Banking Association welcomes the coalition’s announcement to make it easier for first home buyers to get into the housing market.

The Customer Owned Banking Association has welcomed Labor’s announcement that it would establish a Competition & Growth Taskforce. The announcement is a positive move toward improving competition in the banking sector and accommodating the customer owned model.

The Customer Owned Banking Association is urging Australia’s political candidates to commit to improving competition in the banking sector ahead of the Federal Election.

Australians will soon enjoy a more competitive banking sector after Parliament passed an important Bill during the busy budget week sitting period.

The Customer Owned Banking Association has called for fairer capital rules to promote competition in the mortgage market.

The customer owned banking sector is growing faster than the overall banking sector as 12 months of Royal Commission hearings take their toll on Australia’s investor owned banks.

The Customer Owned Banking Association has called for action to reduce the unfair funding cost advantage enjoyed by the ‘Big Four’ banks.

The Australian banking sector is a step closer to becoming more competitive following the introduction of the Treasury Laws Amendment (Mutual Reforms) Bill 2019 into Federal Parliament’s Upper House today.

The Final Report of the Financial Services Royal Commission provides a road-map to ensure that customers’ interests are brought to the fore, and that community standards and expectations are met.

As Australians receive their credit card statements from December or look at their ‘buy now pay later’ debts, customer owned banking institutions are reminding Australians to look beyond credit next year.

Ahead of the release of the Financial Services Royal Commission’s final report, the Customer Owned Banking Association is urging Australia’s politicians to remember the critically important role of competition in delivering positive customer outcomes.

Australia’s customer owned banking institutions are being pressured to agree to an unfair pricing policy by Australia Post as it targets smaller institutions to pay excessive charges for access to Bank@Post.

The Customer Owned Banking Association has welcomed the Government’s release today of draft regulations to improve access to capital for customer owned banking institutions.

The Customer Owned Banking Association has appointed former Australian Securities and Investments Commission official Phil Khoury to conduct the review of the Customer Owned Banking Code of Practice (the Code).

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Mick Gibb
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M: +61 423 149 494
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