This report presents the findings of our surveillance under s912E of the Corporations Act of six credit rating agencies in Australia. The surveillance period was 1 January 2016 to 31 October 2017.
This background paper provides information about the range of Australian banking industry participants, the relative market share of those participants, the size of the Australian banking industry, the range of products offered and the profitability of the sector.
Open Banking has the potential to transform the way in which customers use and benefit from the banking system. This final report makes fifty recommendations, on the regulatory framework, the type of banking data in scope, privacy and security safeguards for banking customers, the data...
This inquiry focusses on competition in Australia’s financial system as a means to improve consumer outcomes, enhance the productivity and international competitiveness of the financial system and the broader economy, and support ongoing financial system innovation — without undermining financial stability objectives.
The Productivity Commission has questioned the effectiveness of the decades-old 'four pillars' banking policy, describing it as 'ad hoc' and 'redundant'.
A draft report into competition in the financial system also says the banking regulator APRA's recent 'blunt intervention' in reining in the...
APRA has released this progress report by the panel appointed by APRA to conduct a Prudential Inquiry into the Commonwealth Bank of Australia (CBA).
Neoclassical economics is an imposing theoretical edifice. But at another level it provides detailed operational guidance for public policy. At this operational level it is a technocratic tool that gives the appearance of scientific precision and evidence-based policy to underpin the day-to-day work that public...
This document presents the Draft Terms of Reference for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
During 2016, the Australian Payments Network commissioned significant research on online card fraud to better target preventative measures. This research focused on the impact of CNP fraud on consumers, learnings from other countries on CNP fraud prevention, and how the online payments landscape, CNP fraud...
The Australian Prudential Regulation Authority (APRA) has announced its assessment on the additional capital required for the Australian banking sector to have capital ratios that are considered ‘unquestionably strong’.
Australia’s first risk assessment of the securities and derivatives sector has revealed how serious and organised criminals can, and have, exploited our financial system to engage in criminal activity.
This report from The Australia Institute’s senior economist, Matt Grudnoff, reviews the economic impact of the South Australian government’s proposed bank levy.
Monetary policy is the process by which the Reserve Bank of New Zealand (the Reserve Bank) controls the money supply to ensure price stability in goods and services and confidence in the currency.
Despite the controversy surrounding the establishment of the Asian Infrastructure Investment Bank (AIIB) in 2016, there is little evidence to suggest that AIIB loans are being used to advance Chinese strategic agendas.
This paper shows that if the bank levy proposed in the 2017-18 budget was passed through in full to shareholders in the form of reduced dividends, then at most it would impact the average superannuation balance by $7 a year
Recommends ways to improve the strength of New Zealand's financial sector and the regulatory framework.
Westpac has effectively blocked any funding to the controversial Adani coal mine after overhauling its policies for the bankrolling of new thermal coal projects. Australia's second biggest bank has updated its climate change policy where it will only finance new projects in existing, rather than...