HomeView 2016 Media Releases

2016 Media Release Archives

A new report from Deloitte Access Economics has highlighted significant work remains on implementing key recommendations of the Financial System Inquiry (FSI).

The latest quarterly figures from APRA released today illustrate the strength of the customer owned banking sector and its attractiveness to Australian consumers.

A new report released today encourages millennials to ‘take charge’ of their finances, with research indicating the impact their credit history can have on their future.

Today’s report by the House Economics Committee on the Review of the Four Major Banks has sent a strong message to the Government and regulators to act urgently to promote competition in retail banking.

Today’s Mozo Expert Choice Personal Loan Awards are further evidence of the great value and service offered by customer owned banking across Australia.

COBA today welcomed a report which shows the customer owned banking model is thriving and momentum is expected to continue next year.

COBA today welcomed analysis by banking regulator APRA which quantifies the funding cost advantage given to the major banks by regulatory capital rules.

The Productivity Commission has today identified the keys to unlocking greater competition in the retail banking market to benefit consumers.

Ahead of a Productivity Commission (PC) report out this week, a new poll has found consumers have a range of views on who owns financial data and its potential to empower consumers to get a better banking deal.

The Customer Owned Banking Association today celebrates International Credit Union Day and the authentic difference co-operative banking offers customers worldwide.

COBA welcomes today’s announcement by APRA that the prudential regulator intends to refine and sharpen its approach to assessing risk culture.

COBA says substantial policy measures to promote competition in banking are readily available and should be implemented with urgency.

COBA has backed changes to ensure consumers can easily find and access external dispute resolution in the retail banking market.

COBA today supported raising awareness of cyber security and its importance for business and individuals as part of Stay Smart Online Week.

Australia’s customer owned banking sector today celebrated a historic milestone in reaching $100 billion in total assets.

The AFR Smart Investor Blue Ribbon Awards provide Australian banking consumers with further evidence about the great banking product range and service available through customer owned banking.

The Friendly Societies of Australia (FSA) welcomes the determination that the funeral bond allowable limit will increase to $12,500 from $12,250. The new limit applies from 1 July 2016.

COBA welcomes Labor’s election promise today to review legislation and regulations affecting member-owned co-operatives and mutuals in Australia.

Recognition of the customer owned banking model in major industry awards is welcome news and further evidence of the way our sector is setting the standard in banking.

The latest figures on banking have revealed more Australian families taking out home loans with the customer owned banking model.

A new campaign calling for a banking system that’s Better for All has been launched, encouraging candidates this Federal election to support a system that delivers a fair go for consumers and for banking institutions big and small.

Partnerships in the customer owned banking sector that lead to further growth and innovation are welcomed by the Customer Owned Banking Association.

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.

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.

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.

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.

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.

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

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


Media Contacts

Ashley Penny
Corporate Affairs Manager
P: +61 2 8035 8444
M: +61 431 932 950
Email Ashleycontact-arrow

COBA Alerts

To receive notifications about our latest Media Releases, Submissions and other news sent straight to your inbox, subscribe to COBA Alerts.