Around 3,000 employees and 1.2m customers welcomed by major bank
Regulator is closely monitoring inquiry into bank closures
Regulators announce commencement of new regime
"Protected today, prepared for tomorrow" still the regulator's aim
It's a three-and-a-half-year extension on its current promise
This so the regulator can improve its data collection and ensure it remains useful and relevant
Current level appropriate due to higher interest rates, inflation
If economy worsens, it would act to maintain credit flow
