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Media Releases

ASIC funding welcome but culprits should pay

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Funding for corporate regulator ASIC to address major bank misconduct is welcome, but the levy should be paid for by those who are responsible for the scandals.

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Royal Commission won’t change major banks

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A Royal Commission into banking scandals may help deliver justice to victims of past major bank misconduct but the key to a better future is implementing the Financial System Inquiry (FSI) reform agenda.

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COBA warns against delays to banking reforms

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COBA has warned against any delay to reforming Australia’s banking market, as indications emerge that some reforms could take as long as five years to implement.

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Report underlines need for co-operative approach

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Today's Senate Inquiry report into co-operatives, mutuals and member owned firms is a strong endorsement of a business model that puts customers first.

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Call to support banking model that won’t fail culture test

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Politicians sick of seeing major banks in the headlines for all the wrong reasons will have a chance to take action when a new report is released into the co-operative and customer owned business sector in Australia.

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Call for tax changes to spark innovation and competition

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COBA has called for tax changes in the Federal Budget to spark innovation, promote greater banking competition and deliver more consumer choice.

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COBA welcomes ASIC review on debt management firms

Print

The Customer Owned Banking Association says a review of debt management firms by ASIC is a welcome development, particularly for vulnerable consumers.

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Daniel McDougall
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