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Commonwealth Bank: Pulling together to help the country in a time of crisis

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Commonwealth Bank: Pulling together to help the country in a time of crisis

  • CEO Matt Comyn writes about the joint efforts of Australia’s banking sector, regulators and the Government
  • The swift and pragmatic actions taken by our regulators also playing an important role
  • With ACCC oversight, the CEOs of Australia’s banks have been meeting multiple times per week through the Australian Banking Association (ABA)
  • Through the CommBank app we have been able to connect with over 7 million of our customers
  • The Reserve Bank has created a term funding facility to ensure low cost funding for small businesses
  • The ASIC redirected resources to ensure coronavirus support delivered well by the industry

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