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
