Westpac CEO Peter King and Australian Banking Association CEO Anna Bligh met Treasurer Jim Chalmers on Wednesday evening to ask the federal government to implement a new policy the banks are calling the “regulatory grid”.
Mr King, who is chairing the ABA this year, was joined at the meeting in Parliament House by deputy ABA chairman Marnie Baker, managing director of Bendigo and Adelaide Bank, ahead of the ABA Council meeting in Canberra on Thursday. It will also be attended by CBA CEO Matt Comyn and NAB CEO Ross McEwan.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
