Media release: Banking Code monitoring body welcomes Royal Commission final report

The Banking Code Compliance Monitoring Committee acknowledges the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

 

The Committee is pleased that the Commission recognised the important role of codes of practice in the Australian financial services sector and welcomes recommendations for the strengthening of the Banking Code of Practice.

 

The Committee looks forward to working with all stakeholders on developments regarding the Code in the months ahead.

 

The Banking Code Compliance Monitoring Committee’s role is to monitor and drive best practice Code compliance. The Committee examines banks’ practices, identifies industry-wide problems and recommends improvements.

 

Information about the Banking Code Compliance Monitoring Committee is available on its website, www.ccmc.org.au.

 

Further information:

Sally Davis
Chief Executive
Banking Code Compliance Monitoring Committee
sdavis@codecompliance.org.au
(03) 9613 7341