The ABA congratulates Sarah Court on her appointment as the new Chair of the Australian Securities and Investments Commission (ASIC).
ABA CEO Simon Birmingham described this as a significant appointment and a landmark moment for Ms Court and Australia's corporate regulator.
"Sarah is an experienced regulator, having held numerous senior legal and regulatory enforcement positions throughout her career," Mr Birmingham said.
"As ASIC's current deputy chair, we also welcome the stability this appointment brings.
"In addition to upholding standards across the financial services sector, we trust ASIC will continue their important work on issues such as regulatory simplification and ensuring appropriate standards in private credit markets.
"The ABA and our members look forward to working with Ms Court and ASIC in helping to ensure Australia maintains an accessible, fair, competitive and innovative banking system.
"The ABA also once again thanks Mr Longo for his outstanding public service and contribution during his time as ASIC Chair."
