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Australian Banking Association

Topic: Organization

 From HandWiki - Reading time: 4 min

Australian Banking Association
AbbreviationABA
Formation1985[1]
TypeLobbying body
Location
Region served
Australia
Chairman
Peter King
CEO
Anna Bligh
Websitewww.ausbanking.org.au

The Australian Banking Association (ABA), formerly the Australian Bankers' Association, is the trade association for the Australia n banking industry. The ABA was founded in 1985[1] and is based in Sydney, New South Wales. The ABA represents twenty-two banks [2] and associate members. It provides analysis, advice, and advocacy for the banking industry and contributes to the public policy development on banking and other financial services.[3]

The Australian Banking Association (ABA) is also the information source for the news media on the Australian banking industry by providing information, analysis, and context on industry issues.

The ABA's stated goal is to advocate and promote policies for improvements and development of the banking industry through advocacy, research, policy expertise, and thought leadership.[4][5][6]

In 2020, under the CEO Anna Bligh, the ABA's public profile has risen[4] due to the industry's response to Australia's "Black Summer" fires,[2] and collective measures to help cushion the economic impact of the COVID-19 pandemic.[7]

Characteristics

The Australian Banking Association’s members are 22 banks from across Australia. The ABA works with the government, regulators and other stakeholders to improve public awareness and understanding of the industry’s contribution to the economy.

Leadership

Chairmen

The following served as Chairman of the Association:

Order Officeholder Title Bank Term began Term end Time in office Notes
Gail Kelly Chairman Westpac 4 December 2013 (2013-12-04) 31 January 2015 (2015-01-31) 1 year, 58 days [8]
Brian Hartzer 31 January 2015 (2015-01-31) 2 December 2015 (2015-12-02) 304 days [9]
Andrew Thorburn NAB 2 December 2015 (2015-12-02) 4 December 2017 (2017-12-04) 2 years, 2 days [10][11]
Shayne Elliott ANZ 4 December 2017 (2017-12-04) 2 December 2019 (2019-12-02) 6 years, 225 days [11][12]
Matt Comyn CBA 3 December 2019 (2019-12-03) 1 December 2021 (2021-12-01) 4 years, 226 days [13]
Peter King Westpac 2 December 2021 (2021-12-02) Present 2 years, 227 days [14]

Chief Executive Officers

The following served as Chief Executive Officers of the Association:

Order Officeholder Title Term began Term end Time in office Notes
1 Tony Aveling Chief Executive Officer 1997 2000 2–3 years [15]
2 Jeff Oughton Acting Chief Executive Officer April 2000 (2000-04) January 2001 (2001-01) 275 days
3 David Bell Chief Executive Officer January 2001 (2001-01) 8 March 2010 (2010-03-08) 9 years, 66 days
4 Steven Münchenberg 8 March 2010 (2010-03-08) 3 April 2017 (2017-04-03) 7 years, 26 days [16][17][18]
5 Anna Bligh 17 February 2017 (2017-02-17) present 7 years, 104 days [19][20]

See also

  • Banking in Australia
  • Bank nationalization in Australia
  • Financial regulation in Australia
  • Four pillars policy
  • Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
  • Too big to fail

References

  1. ↑ 1.0 1.1 "History". Australian Banking Association. https://www.ausbanking.org.au/about-us/history/. 
  2. ↑ 2.0 2.1 "Australian Banking Association Members" (in en-AU). https://www.ausbanking.org.au/about-us/our-members/. 
  3. ↑ "The Australian Banking Association's role". Australian Banking Association. https://www.ausbanking.org.au/about-us/the-aba/. 
  4. ↑ 4.0 4.1 "The ABA" (in en-AU). https://www.ausbanking.org.au/about-us/the-aba/. 
  5. ↑ "Australian banks shut down internal appeal avenue for unhappy customers" (in en). 2021-09-03. http://www.theguardian.com/australia-news/2021/sep/03/australian-banks-shut-down-internal-appeal-avenue-for-unhappy-customers. 
  6. ↑ "Independent review of the Banking Code of Practice" (in en). https://www.jdsupra.com/legalnews/independent-review-of-the-banking-code-5293987/. 
  7. ↑ "COVID-19 Banking Timeline: a financial history of the pandemic" (in en-AU). 2020-05-06. https://www.ausbanking.org.au/covid-19-banking-timeline/. 
  8. ↑ "Westpac's Group CEO Gail Kelly elected Chairman of the Australian Bankers' Association" (Press release). Australian Bankers' Association. 4 December 2013. Archived from the original on 4 March 2018. Retrieved 3 March 2018.
  9. ↑ Eyers, James (10 December 2014). "Westpac CEO Brian Hartzer appointed Australian Bankers' Association chairman". Australian Financial Review (Australia). http://www.afr.com/business/banking-and-finance/financial-services/westpac-ceo-brian-hartzer-appointed-australian-bankers-associationchairman-20141210-124ggb#ixzz58hJJXjFt. 
  10. ↑ "NAB CEO new Chairman of the Australian Bankers' Association" (Press release). Australian Bankers' Association. 2 December 2017. Archived from the original on 4 March 2018. Retrieved 3 March 2018.
  11. ↑ 11.0 11.1 Frost, James (16 October 2017). "Worst-kept secret revealed as ABA names ANZ's Elliott as chair". Australian Financial Review (Australia). http://www.afr.com/business/banking-and-finance/financial-services/worst-kept-secret-revealed-as-aba-names-anzs-elliott-as-chair-20171016-gz20ow#ixzz58hCiEYb0. 
  12. ↑ Durie, John (4 December 2017). "ANZ's Shayne Elliott steps into banking's hot seat". The Australian. https://www.theaustralian.com.au/business/opinion/john-durie/anzs-shayne-elliott-steps-into-bankings-hot-seat/news-story/efeadd34fee94d05636f66de31de34bf&usg=AOvVaw2ap2ZSjRtmURT6GA6Rx3KO. 
  13. ↑ Aston, Joe (10 September 2019). "Comyn Assuming ABA Chair in December". Australian Financial Review (Australia). https://www.afr.com/rear-window/matt-comyn-assuming-aba-chair-in-december-20190910-p52pqv. 
  14. ↑ Gluyas, Richard (23 November 2021). "Peter King set to sit on ABA Throne". Australian Business Review (Australia). https://www.theaustralian.com.au/business/financial-services/four-pillars-peter-king-set-to-sit-on-the-aba-throne-despite-woes-at-westpac/news-story/4362375ce52d6653dd00e3772fa9a179. 
  15. ↑ Khoury, Phil (2006). "The history of Australian Banking: 1991 - 2006". Banking in Australia Today. Australia. p. 24. https://www.bankinginaustraliatoday.com/images/Stories/BankingCode/161020-ABA-Code-Review-121p.pdf. 
  16. ↑ "NAB's Steven Munchenberg appointed chief executive of Australian Bankers Association". The Australian. 23 January 2010. http://www.theaustralian.com.au/business/nabs-steven-munchenberg-appointed-chief-executive-of-australian-bankers-association/story-e6frg8zx-1225822681046. 
  17. ↑ Shapiro, Jonathan (21 October 2016). "ABA chief executive Steve Münchenberg steps down". Australian Financial Review (Australia). http://www.afr.com/business/banking-and-finance/aba-chief-executive-steve-munchenburg-steps-down-20161020-gs7dr6. 
  18. ↑ Sier, Jessica (19 February 2017). "Major banks back Anna Bligh for ABA top job". Australian Financial Review (Australia). http://www.afr.com/business/banking-and-finance/major-banks-back-anna-bligh-for-aba-top-job-20170219-guge72#ixzz58m2OAZ80. 
  19. ↑ Silva, Kristian (17 February 2017). "Anna Bligh appointed as first female Australian Bankers' Association CEO". ABC News (Australia). http://www.abc.net.au/news/2017-02-17/anna-bligh-appointed-first-female-aust-bankers-assoc-ceo/8279578. 
  20. ↑ Whyte, Jemina (9 November 2017). "Can Australian Bankers' Association CEO Anna Bligh persuade us to trust banks?". Australian Financial Review (Australia). http://www.afr.com/brand/boss/the-remaking-of-anna-bligh-20171020-gz52q7#ixzz58hBafzqa. 



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