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Banking Executive Accountability Regime – Draft Legislation

Key documents

In the 2017-18 Budget, the Government announced that it will legislate to introduce a new Banking Executive Accountability Regime (BEAR).

This consultation seeks stakeholder views on the exposure draft of the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017, which provides further clarity on the accountability obligations of banks and their directors and senior executives, and enhanced consequences for being in breach of these obligations.