Regulating Accountability: An Early Look at the Banking Executive Accountability Regime (BEAR)

Abstract

Following its enactment in early 2018, the Banking Executive Accountability Regime (BEAR) came into force for the largest Australian banks from July 2018, and for all other authorised deposit-taking institutions (ADIs) from July 2019. This research examines the experiences of ADIs in implementing the BEAR. The research specifically considers benefits and drawbacks of the BEAR and moderators that might prevent it from achieving its goals.