Anna Bligh, Chief Executive Officer at the Australian Banking Association, and Simon Cowan – Research Director, at the Centre for Independent Studies had a conversation about the banking sector after Hayne. Australia’s banking industry had long had a reputation for being among the world’s safest for investors. But its reputation has been tarnished in recent times after the explosion of scrutiny from the Hayne Royal Commission. The financial sector accepts the banks were fully responsible for failings highlighted by Hayne, and it is determined to fix problems. But how do policymakers and regulators balance restoring trust in our financial system with maintaining the flow of credit?
Anna Bligh is Chief Executive Officer at the Australian Banking Association. Prior to her role in banking, she had a long and distinguished career in politics, including holding the position of Premier of Queensland for almost five years.