The ABA today acknowledges and thanks outgoing ASIC Chair Joe Longo for his strong leadership as Chair of ASIC for the past five years.
ABA CEO Simon Birmingham said Mr Longo had made a significant contribution to ensuring Australia has a fair financial system focused on the interests of both investors and consumers.
"The ABA thanks Mr Longo for his public service and contribution to ensuring Australia has a properly regulated and safe banking system," Mr Birmingham said.
"Joe is a tough but fair regulator. He has led ASIC through an important time of change and challenge in our financial system.
"He has always taken a consultative approach in his role, consistently making himself available to the ABA and our members for engagement.
"I also particularly welcome his commitment and engagement on pursuing regulatory simplification without dropping standards or protections for customers. "Mr Longo has brought an important mix of both commercial and regulatory experience to the role, which will be important for ASIC to maintain in the future."
