SocietyOne has appointed Mark Jones, its CFO, as its new chief executive, the Financial Review reports. Jones joined the non-bank lender from Westpac, and has been serving as interim CEO since Jason Yetton, another former Westpac executive, announced his departure in early July. IMB Bank said it would push on with a A$36 million development of a new headquarters at 47 Burelli Street, Wollongong, having received a Development Consent . The bank said on Friday it had completed the purchase of the development site. Works at the site have commenced, with City Investments Pty Ltd appointed to oversee the construction, with occupancy targeted to occur in early 2020. The Council of Financial Regulators "has discussed the possibility of issuing a post-meeting statement," as recommended by the Productivity Commission, Philip Lowe, governor of the Reserve Bank of Australia, told a parliamentary committee on Friday. "I'm inclined to go in that direction ... we have to work out how to do that," Lowe said. He suggested it may be done "in much the same way, the Payments System Board issues a statement after each meeting which tells the community the issues we've been grappling with - I think the same model could be used for the Council of Financial Regulators."