Author: Kevin Davis | Banking and Capital Markets, Opinion Pieces
In 2010 then-treasurer Wayne Swan began promoting the possibility of the mutual ADI sector (credit unions, building societies and, now, mutual banks) emerging as a competitive counterweight to the large banks. It hasn’t happened yet as suggested by the slow...
Author: Kevin Davis | Banking and Capital Markets, Opinion Pieces
Published by Australian Financial Review on Tuesday 4 December 2018 One strong message coming out of the Hayne inquiry is that our financial regulators should prosecute misconduct by financial firms through court actions rather than using strategies of negotiation,...
Author: Rodney Maddock | Banking and Capital Markets, Opinion Pieces
Published by Australian Financial Review on Wednesday 21 November 2018 There were two big surprises in the evidence of Commonwealth Bank chief executive Matt Comyn and his chairman Catherine Livingstone before the royal commission. The first was that Comyn pushed so...
Author: Nga Pham | Banking and Capital Markets, Opinion Pieces
Australia is known as a large and innovative financial market with well-established financial institutions and fast growing fintech firms. However, recent findings of both the Productivity Commission on the Australian financial system and the Royal Commission into the...
Author: Rodney Maddock | Banking and Capital Markets, Funds Management and Superannuation, Opinion Pieces
Published by Australian Financial Review on Sunday 30 September 2018 The Interim Report of the banking royal commission is clear, firm and direct. A wide variety of financial institutions has been able to pursue its own private interests virtually unchecked....
Author: Kevin Davis . Rodney Maddock | Funds Management and Superannuation, Opinion Pieces
Published by ANZ bluenotes on Monday 24 September 2018 Extending the Australian government’s Financial Claims Scheme protection to the deposits of superannuation fund members would effectively relieve regulation which unintentionally limits yield opportunities...
Author: Kevin Davis | Banking and Capital Markets, Opinion Pieces
For decades, Australia’s banking sector has been dominated by the big four banks. Together, they have almost 85 per cent of the home loan market and make more than $30 billion in profit. Several new challenger banks are poised to start in Australia, targeting...
Author: BBC . Deep Kapur | Funding Australia’s Future, Opinion Pieces
Fintech, or financial technology … what does it mean? Who is leading the charge? And is your business ready for it? The buzzword holds many promises for businesses, institutions and investors in Australia and around the world – and risks and challenges too. ...
Author: Rodney Maddock | Banking and Capital Markets, Opinion Pieces
Published by Australian Financial Review on Wednesday 8 August 2018 The Hayne royal commission is damaging a lot of reputations. Much of this was to be expected from an inquiry into misconduct. Somewhat less expected has been the damage to the reputation of the...
Author: Banita Bissoondoyal-Bheenick . Monash Impact | Funds Management and Superannuation, Opinion Pieces
Australian investors need to be more informed by their super fund in relation to the risk their nest egg may be exposed to. New research has unearthed the challenges for superannuation funds in reporting the riskiness of the investment options they have on...
