National Australia Bank : Royal Commission

12 February 2018

Royal Commission - first public hearing

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will hold its initial public hearing this morning, at 10am in Melbourne. The hearing will be streamed lived through the Royal Commission's website.

We look forward to hearing from the Royal Commission as it considers all responses and submissions - and outlines the next steps.

08 February 2018

NAB waives customer confidentiality clauses for Royal Commission

Attributable to Sharon Cook, NAB's Chief Legal and Commercial Counsel

'If any of our customers want to make a submission to the Royal Commission we encourage them to do so and we will waive any confidentiality obligations they have agreed to when resolving an issue with NAB.

'We are doing this because it is important to us that we support customers being heard by the Royal Commission.

'We have also communicated to our people we fully support them making a submission to the Royal Commission if they would like to.'

29 January 2018

NAB Royal Commission Response

NAB confirms it will today provide its response to a request for information from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

This response is to correspondence from Commissioner Ken Hayne AC QC dated 15 December, 2017. In his letter, the Commissioner requested that NAB identify misconduct or conduct which NAB considers has not met community standards and expectations since January 2008.

NAB Chief Legal and Commercial Counsel Sharon Cook said: 'NAB is committed to fully co-operating with the Royal Commission and welcomes the opportunity to assist by answering the information request.

'We will respect the processes that the Commissioner puts in place and now look forward to hearing from the Royal Commission as it considers all responses and submissions - and outlines the next steps.'

Mrs Cook said that NAB remains focussed on building the trust and respect of customers and community confidence in the sector.

'We will continue listening to customers to understand how we can serve them better, what we can do to improve and what we need to fix,' she said.

'It is important to NAB, our customers and the community that we learn from the past and work together to build a better banking industry. That's why we support customer voices being heard by the Royal Commission.

'We are committed to addressing customer complaints. We want to hear from any of our customers who have issues or concerns with NAB. We also respect our customers' right to raise their concerns with the Royal Commission and we encourage them to make a submission if they would like to.'

NAB's bankers have today received information to support customers who want to make a submission to the Royal Commission. Customers can also contact NAB directly on 1800 152 015 or speak to their banker.