The Banking Executive Accountability Regime (BEAR) legislation passed the Australian Senate on 7 February 2018, and will come into effect on 1 July 2018.
The legislation amends the Banking Act 1959 to impose accountability, remuneration, key personnel and notification obligations on authorised deposit-taking institutions. It is intended to make senior bankers more accountable for management decisions, and includes criminal liability amongst its sanctions.
Come and hear Chairman Wayne Byers speak about how APRA intends to implement BEAR. Steve Weston will also speak about the UK’s experience with similar legislation which has now been in place for several years.
Wayne Byres (Chair APRA)
Steve Weston (ex-CEO Mortgages Barclays Bank UK)
Comments & Discussion:
Dominique Hogan-Doran SC (Barrister & Adjunct Associate Professor UNSW Law)
Chris Parker (Banking & Finance Oath, Ethics Centre).
Session Chair: John Morgan (Allens and UNSW Law)
Wed. 2 May 2018, 8:00 am – 9:30 am AEST
Level 28, Deutsche Bank Place,
126 Phillip Street, Sydney