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.
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
Allens, Level 28, Deutsche Bank Place,
126 Phillip Street, Sydney