Financial services industry

Report

5 Dec 2018

This report covers phase one of the Access to Justice inquiry. In this phase, 1,600 businesses across Australia were surveyed in order to gain an understanding of where small businesses go for advice and, when they escalate a dispute, what pathways they choose.

Commentary

27 Nov 2018

There are practical steps we can take right now to fix the banks. History suggests they'll never do it left to themselves.

Report

15 Nov 2018

This report focuses on a number of key issues in the current consumer protection system. The list of key issues is not intended to be comprehensive; rather, the report provides a 'snapshot' of concerns raised in evidence about consumer protections, or the lack thereof, in...

Technical report

14 Nov 2018

This technical paper, requested by the Royal Commission, examines aspects of the regulation of financial product and service providers in the United Kingdom, the Netherlands, New Zealand and the United States.

Report

7 Nov 2018

This research paper argues that any proposed policy action to manage conflicts of interest should ideally undergo further testing in the field in which it will be implemented to assess the likely real-world impact. This would improve the design of the policy and monitor the...

Submission

5 Nov 2018

Consumer education, self-regulation by banks, and even stronger enforcement efforts by government regulators all have failed to curb incidents of financial misconduct and unethical behaviour. This submission provides a possible solution that has so far been overlooked - sector-wide collective bargaining to establish uniform, ethical...

Report

Findings from an FMA and RBNZ review of conduct and culture in New Zealand retail banks
5 Nov 2018

The Financial Markets Authority and Reserve Bank of New Zealand have completed their joint review into the conduct and culture of 11 New Zealand banks. The regulators identified significant weaknesses in the governance and management of conduct risks. These weaknesses have resulted in a number...

Report

12 Oct 2018

Market Forces, working with Vietnamese community organisations and other international NGOs, has found that equator principles (EP) signatory banks are violating those principles in their involvement in syndicates funding five Vietnamese coal-fired power stations. In doing so, they are failing the people that the principles...

Discussion paper

2 Oct 2018

This inquiry will have a particular focus on the purchase of foreign cash, and the transfer or remittance of money overseas. It will also consider other ways that consumers and small businesses perform foreign currency transactions, such as via credit, debit or pre-paid travel cards....

Discussion paper

2 Oct 2018

In the right circumstances, superannuation funds could provide capital for growth to SME’s and business more generally, complementing more traditional capital sources such as banks, according to this discussion paper.

Guide

28 Sep 2018

This guide sets out our approach to the approval and oversight of a monitoring body’s compliance scheme and how we expect a scheme to operate on an ongoing basis.

Report

28 Sep 2018

The Commission’s work, so far, has shown conduct by financial services entities that has brought public condemnation. Some conduct was already known to regulators and the public - some was not. Why did it happen? The answer seems to be greed – the pursuit of...

Briefing paper

23 Sep 2018

A majority of Australians believe the Royal Commission into Banks and Financial Services has uncovered more wrong doing (70%) and is most important for Australians (65%) compared to the Royal Commission into Trade Unions.

Report

7 Sep 2018

ASIC asserts that it is working to provide a fair, strong and efficient financial system for all Australians. Underpinning this vision is the recognition that every dollar in the financial system is other people’s money.

Report

30 Aug 2018

This report summarises the findings and recommendations from ASIC's review of the sale of direct life insurance products in Australia, including term life, accidental death, trauma, total and permanent disability (TPD) and income protection insurance.

Report

30 Aug 2018

This report sets out the results of research into consumers’ experiences in buying life insurance directly. The products covered by the research include term life, accidental death, trauma, total and permanent disability (TPD) and income protection insurance.

Report

9 Aug 2018

This report details industry data on the size, growth and performance of the Australian responsible investment (RI) market over twelve months to 31 December 2017 and compares these results with the broader Australian financial market.

Report

3 Aug 2018

This report looks at the provision of financial services and the interaction of market participants, issues facing the consumers of financial services and the functions and activities of the regulators.

Submission

26 Jul 2018

In this submission, the Department of the Treasury does not make recommendations, but seeks to set out the issues involved, the current regulatory framework and how it developed, and the trade-offs involved in various responses to matters currently being considered by the Royal Commission.

Overview

 

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