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APRA’s approach to new entrant ADIs
30 April 2021
The ABA welcomes an updated approach to new entrant ADIs focusing on sustainability. Providing pathways for restricted entry promotes competition through innovation amongst ADIs. The ABA agrees with APRA that an important balance needs to be made between supporting entities to both enter and thrive in the banking sector, while ensuring financial stability and protecting the interests of depositors.
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The ABA supports both changes proposed by the Regulators. We have identified several additional improvements the Regulators could make that would further streamline the administration of the FAR.
Submission to Joint Select Committee on Artificial Intelligence
The ABA welcomes APRA’s explicit recognition of the capacity for better calibrated capital settings to support economic growth without compromising financial stability. We encourage APRA to continue to identify options to support further economic growth.