Solicitor to chair Banking Code Compliance Committee at Australian Banking Association

Ian Govey has joined the Australian Banking Association to chair the Banking Code Compliance Committee (BCCC), the independent body that monitors and enforces the new Banking Code of Practice.

ABA CEO Anna Bligh said Govey would be a strong independent chair and would ensure that banks are held accountable to the promises they have made to customers through the Banking Code of Practice. As part of their commitment to a new Banking Code of Practice which has real teeth, banks have formed a tougher and stronger independent body to monitor and enforce its implementation.

"The appointment of Ian Govey AM to the role of Chair of the Banking Code Compliance Committee means thoroughly independent oversight ensuring banks implement the new Code as promised," Bligh said.

AFCA CEO David Locke welcomed Govey's appointment. "The BCCC plays a strategic function in monitoring the effectiveness of the new Banking Code of Practice and shaping good industry practice," Locke said.

"Mr Govey will bring a wealth of experience to the important work of the Banking Code Compliance Committee," he said.

Said Govey, "I'm pleased to accept this appointment and look forward to playing a role in ensuring the Banking Code is strong and effective in protecting the interests of customers."

Govey replaces Christopher Doogan as chair of the BCCC. Doogan was also the chair of the predecessor organisation, the Code Compliance Monitoring Committee.