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Members Equity Bank (ME Bank) redraw issue


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Opening statement by Sean Hughes, ASIC Commissioner, at the House of Representatives Standing Committee on Economics (Australia’s four major banks and other financial institutions), 3 June 2020.


Thank you Chair. My name is Commissioner Sean Hughes and I am representing the Australian Securities and Investments Commission today, I wish to table a brief opening statement. Joining me today from ASIC is Mr Warren Day,Regional Commissioner Victoria and Executive Director, Assessment and Intelligence, as well as Mr Tim Gough, acting Executive Director, Financial Services.

 Read the full speech (PDF 115KB)

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Regulator Information

Abbreviation: ASIC
Jurisdiction: Australia

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