The Australian Prudential Regulation Authority (APRA) has announced its assessment on the additional capital required for the Australian banking sector to have capital ratios that are considered ‘unquestionably strong’.

Australia’s first risk assessment of the securities and derivatives sector has revealed how serious and organised criminals can, and have, exploited our financial system to engage in criminal activity.

This report from The Australia Institute’s senior economist, Matt Grudnoff, reviews the economic impact of the South Australian government’s proposed bank levy.

Monetary policy is the process by which the Reserve Bank of New Zealand (the Reserve Bank) controls the money supply to ensure price stability in goods and services and confidence in the currency.

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.