Banks and banking

NARROWER TERMS
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...
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: 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...
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...
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.
Discussion paper

The role of collateral in borrowing

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

Fact Check: Is the new bank levy similar to levies common right around the developed world, Europe in particular?

In the 2017 federal budget, the Government announced a levy on Australia's big banks, estimated to raise $6.2 billion over four years. Such levies, the Government claims, are common among developed countries.
Fact sheet

Fact Check: Is Pauline Hanson correct about a difference between a bank levy and bank tax?

The controversial bank levy is tax deductible: the banks will be able to claim the amount of bank levy paid as a business expense, which will reduce the amount of corporate tax they have to pay on their profits.
Report

Justice tempered

This report finds that the Australian finance sector’s concentration on profits at all costs compromises the ethical integrity of workers in the industry. The report argues that while the Banking Royal Commission uncovered widespread misconduct in Australia’s banking and financial services sector, it failed to...
Report

Home loan price inquiry: interim report

This interim report shows that the big four banks considered various factors as they decided whether to pass on the RBA’s June, July and October 2019 rate cuts. But recovering profits was central to their decisions to not always fully pass through the lower rates...
Policy

ACCC/OAIC compliance and enforcement policy for the Consumer Data Right

The purpose of this policy is to help consumers and Consumer Data Right (CDR) participants understand the approach that the ACCC and the OAIC will adopt to encourage compliance with CDR Rules, legislation (including Privacy Safeguards) and Consumer Data Standards. The policy also sets out...
Report

Impact of COVID-19 on the global financial system

This briefing is the outcome of several multi-stakeholder dialogues organised by the World Economic Forum’s 'Platform for Shaping the Future of Financial and Monetary Systems.' This briefing summarises the key findings of these discussions, providing insight into financial market trends, private-sector views of government responses...
Working paper

Can this time be different? Policy options in times of rising debt

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. This paper examines the factors that are likely to determine the outcome of the most recent debt wave, and considers policy options to help reduce the likelihood...