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Review of the Four Major Banks: First Report
Abbreviations
ABAAustralian Bankers’ Association
ACCCAustralian Competition and Consumer Commission
ACCPAustralian Council for Competition Policy (proposed)
ADIAuthorised Deposit-taking Institution
AFSLAustralian Financial Services License
ANZAustralian and New Zealand Banking Group
APIApplication Programming Interface
APRAAustralian Prudential Regulation Authority
ASICAustralian Securities and Investments Commission
BSB numberBank-State-Branch number
CBACommonwealth Bank of Australia
CEOChief Executive Officer
CMACompetition and Markets Authority (UK)
CIOCredit and Investments Ombudsman
EDRExternal Dispute Resolution
FCAFinancial Conduct Authority (UK)
FOFAFuture of Financial Advice
FOSFinancial Ombudsman Service
FSIFinancial System Inquiry
FSSAFinancial Sector (Shareholdings) Act 1998
GDPGross Domestic Product
GFCGlobal Financial Crisis
IDRInternal Dispute Resolution
IRB modelInternal Ratings Based model
NABNational Australia Bank
NPPNew Payments Platform
ODIOpen Data Institute
PRAPrudential Regulation Authority (UK)
RBAReserve Bank of Australia
SCTSuperannuation Complaints Tribunal
SMRSenior Managers Regime (UK)
SVRStandard Variable Rate
TBTFToo-big-to-fail
UKUnited Kingdom