In a retail banking sector characterised by both high concentration and low consumer switching, questions arise for Australian policy makers and regulators as to the effectiveness of competition as one important means by which economic outcomes are engendered, including innovation beneficial to consumers and consumer welfare generally. Such questions include the appropriate response to ‘digital...

Emerging rather less scarred than many from the most recent global financial crisis in 2008, Australia has a banking and finance industry evidencing long-term stability, but moderate to high concentration as a result of long prevailing policy. In 2015, whether that level of concentration signifies less than desirable levels of competition is very much a...

Estimates show that 6.5 million Australians with family or friends overseas rely on money transfer services. From 2013 to 2015 the major Australian banks closed their remittance accounts with a devastating effect on Victorian communities with overseas families dependent on remittances. That decision continues to threaten the livelihood of small ethnic-based Money Transfer Operators (MTO)...

G20 countries are among the largest shareholders of most major multilateral development banks, including the various branches of the World Bank Group, the European Investment Bank, the European Bank for Reconstruction and Development, the Asian Development Bank, the African Development Bank and the Inter-American Development Bank.

This paper extends Ellul and Yerramilli’s (2013) risk governance index for U.S. banks to international banks across 33 countries, using that index to examine relations between national codes of governance, individual bank risk governance and both risk and performance outcome measures in periods before, during and after the financial crisis. We focus on the post-crisis...