Welcome to Issue 90 of our Banking Sector Newsletter.
In this issue, APRA’s new corporate plan outlines how it will protect Australia’s financial system over the next four years. The plan sets out APRA’s strategic priorities for protecting bank deposit-holders, insurance policyholders and superannuation members during the current period of disruption and uncertainty, while also ensuring it is focused on preparing for future challenges.
The ABA has welcomed changes by the Federal Government to the SME Recovery Loan Scheme. The changes broaden eligibility to the scheme, which the ABA says will allow banks to help more small and medium sized businesses to battle through the pandemic.View PDF