Original article by David Rogers
The Australian – Page: 17 & 20 : 1-Jul-19
The Australian Banking Association’s updated Banking Code of Practice comes into effect on 1 July, and CEO Anna Bligh says it is an "important step" in restoring consumers’ trust in banks following the Hayne royal commission. The revised code will provide increased protection for consumers, and require banks to treat them fairly. The first phase of the open banking regime also commences on 1 July.
AUSTRALIAN BANKING ASSOCIATION, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, VOLT BANK LIMITED, FINANCIAL COUNSELLING AUSTRALIA LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY, AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY