The Commonwealth Bank of Australia (the Group) has today lodged its submission to the Financial System Inquiry.
The Group welcomes the opportunity to work with the Inquiry to develop constructive ideas and tangible outcomes to address the opportunities and challenges faced by the financial system.
The Group believes the Inquiry should focus on three priorities to build on the inherent stability and resilience of the Australian financial system:
The future will be shaped by the role that technology plays in our globalised lives, the opportunity offered for an ageing population by a growing pool of retirement savings, and the influence of offshore forces. The Group recommends:
The Commonwealth Bank looks forward to working with the Inquiry over the next few months as the panel works through the various issues.
Click here for the Group’s full submission.
For further information, contact:
General Manager Communications Commonwealth Bank
T: (02) 9303 1660 | M: 0481 012 110
Communications Adviser Commonwealth Bank
T: (02) 9303 1030 | M: 0403 659 094