Banks and banking

NARROWER TERMS
Briefing paper

Central bank digital currency, design choices, and impacts on currency internationalization

This briefing argues that there is a solid use case for central bank digital currency (CBDC) that justifies the intense interest across multiple jurisdictions. At the same time, establishing the architecture, infrastructure and rules for access to CBDC will entail design choices that are not...
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: 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...