Banks and banking

NARROWER TERMS


Report

Digital assets in Australia: final report

This report recommends the development of a principles-based regulatory framework for digital assets, such as private stablecoins, central bank digital currencies (CBDC), tokens and cryptocurrencies.
Discussion paper

Designed to disrupt: reimagining banking products to improve financial safety

This discussion paper is the first in a series of papers that will look at how the finance sector can minimise harm from the misuse of its products by perpetrators of domestic violence. The paper calls for financial products to better support financial safety.
Report

Regional Banking Taskforce: final report

The Regional Banking Taskforce was established to bring banks and other key stakeholders to work together in partnership to share information, assess the impact of regional bank branch closures, and identify possible solutions.  This report outlines the taskforce's recommendations.
Report

Statutory review of the Consumer Data Right: report

This review finds that the Consumer Data Right's (CDR's) statutory framework has so far been broadly effective in supporting the CDR's rollout, is sufficiently flexible and robust to accommodate further changes to achieve policy objectives, and has scope to further explore its limits as the...
Discussion paper

Macrofinancial stress testing on Australian banks

This paper outlines how the Reserve Bank of Australia’s bank stress testing model works. It also shows how the model was useful in a real-world crisis, at the onset of the COVID-19 pandemic.
Report

The adequacy and efficacy of Australia’s anti-money laundering and counterterrorism financing (AML/CTF) regime

Evidence to this inquiry largely focused on the impact and/or the benefits of extending the existing AML/CTF regime to DNFBPs that are not already subject to regulation of this nature. As such, this report largely focuses on this issue, but also canvasses other aspects of...
Report

Accounting for the digital economy: time for a fresh approach

This paper aims to explain why the information economy requires a new approach to accounting. It examines how the profession can reshape existing accounting standards to help fill the information gap, while developing an entirely new approach to gathering and reporting financial and non-financial information.
Report

Review of the Australian Financial Complaints Authority: final report

This review provided an opportunity for feedback on the operation of the Australian Financial Complaints Authority (AFCA) since its establishment, and to consider whether further enhancements should be made to ensure the external dispute resolution scheme is appropriately calibrated and operating effectively.
Report

Select Committee on Australia as a Technology and Financial Centre: final report

The committee's final report makes 12 recommendations in relation to the regulation of digital assets in Australia, 'de-banking' practices affecting Australian FinTechs and other businesses, and several other issues relating to Australia's position as a technology and financial centre, to drive opportunities for innovative businesses...
Briefing paper

Designing and regulating retail digital currencies

Governments and multinational organisations around the world have begun exploring the feasibility of developing retail digital currencies for domestic and global payments. This policy brief does not address bitcoin or other privately issued digital currencies that are not backed by assets having intrinsic value.
Report

Payments system review: from system to ecosystem

The payments system plays a key role in the Australian economy. It facilitates economic activity by providing a safe, efficient and effective way for Australians to exchange money for goods and services. This review was asked to investigate whether the regulatory architecture of the Australian...
Report

Select Committee on Australia as a Technology and Financial Centre: second interim report

In the second phase of the inquiry, the committee has again categorised its work across the key areas of: tax settings; regulatory issues; access to capital; and skills and culture. This report also includes a standalone chapter on blockchain and digital assets, which is an...
Discussion paper

The role of collateral in borrowing

This paper studies the role of collateral in credit markets under stress.
Guide

National Disability Insurance Scheme fraud prevention: financial crime guide

Developed in partnership with the National Disability Insurance Agency (NDIA), this financial crime guide includes indicators of potential fraud people should watch out for, including NDIS sourced funds being used in a way that does not correlate with providing or receiving support services.
Strategy

Australian sustainable finance roadmap

The challenges and threats Australia’s financial system is facing include a warming climate, increasing extreme weather events, biodiversity loss, and a society under economic pressure with rising inequality, meaning there is an urgency with which action needs to be taken. The recommendations in this roadmap...
Discussion paper

Consumer payment behaviour in Australia: evidence from the 2019 Consumer Payments Survey

The 2019 Consumer Payments Survey (CPS) showed that Australians are continuing to switch to electronic payment methods in preference to cash for their day-to-day transactions. More recently, the switch to electronic payment methods is likely to have accelerated as a result of consumer and merchant...
Report

Select Committee on Financial Technology and Regulatory Technology: first interim report

Australia has a vibrant and growing FinTech sector, with a significant number of startups and early stage ventures. Australia's RegTech industry is comparatively less well developed. This inquiry is about ensuring the settings are optimal to encourage and support Australian FinTech and RegTech businesses.
Discussion paper

How risky is Australian household debt?

It is often observed that the level of household debt (relative to income) is high in Australia compared with other countries and its own history. Concerns about how this will influence the economy’s ability to navigate a major downturn have for many years been central...
Discussion paper

PostBank: filling a void, securing essential services

This discussion paper makes the case for the creation of a public bank in Australia by providing Australia Post with an Authorised Deposit-taking Institution (ADI) licence, and moving in time to establishing 'PostBank' as a full national savings and loan bank.
Working paper

Design choices for central bank digital currency: policy and technical considerations

This paper investigates and explains the design choices, mainly technical, but also financial and legal, that central banks will unavoidably encounter in their exploration of central bank digital currencies (CBDCs). Contributing authors include experts in computer science, economics and law, whose research and practical experience...