This inquiry focusses on competition in Australia’s financial system as a means to improve consumer outcomes, enhance the productivity and international competitiveness of the financial system and the broader economy, and support ongoing financial system innovation — without undermining financial stability objectives.

APRA has released this progress report by the panel appointed by APRA to conduct a Prudential Inquiry into the Commonwealth Bank of Australia (CBA).

This is the third report into Australia's major banks.

This document presents the Draft Terms of Reference for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

This report shows around half of Australians who switch superannuation funds pay significantly higher fees and obtain lower returns than their original fund, prompting concerns bank sales strategies are exploiting consumers.