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.
Providing a snapshot of the life insurance industry and its compliance with the Life Insurance Code of Practice, this report shows life insurers need a stronger commitment to their code compliance obligations.
This research paper looks at the trends, drivers and effects of foreign investment in Australia, and the Australian government’s foreign investment policy. Foreign investment is beneficial for the Australian economy, but brings some risk which can be managed by government policy.
The confirmed ‘fit and proper’ criteria outlined in this response report focus on whether all directors and senior managers of lenders and mobile traders are competent, financially sound, honest, reputable, reliable and competent to do the job.
This report compiles recommendations from McKell Institute’s May 26 ‘Reopening NSW’ Digital Roundtable, which were sourced from 14 participants representing a range of industries and organisations reflective of the diversity of the NSW economy.
Labor promises to hold a royal commision into "misconduct in the banking and financial services industry". But Treasurer Scott Morrison claims there is nothing that ASIC can't do that a royal commission can do.
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...
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...
The role of risk climate and ethical self-interest climate in predicting unethical pro-organisational behaviour
Risk climate (or risk culture) has become an increasingly important focus since the 2007-09 financial crisis. Despite efforts to inculcate risk climate, unethical pro-organisational behaviour (UPB) such as misconduct toward customers continues to occur. This study investigates whether four risk climate factors (avoidance, valued, proactive...
This document is the Interim Report (Report) of the SFF. It represents the collective, and voluntary, efforts of the Sustainable Finance Forum (SFF) undertaken from January 2019 to October 2019. The report sets out why we need to shift, urgently, to a sustainable economy.