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If the banks can’t trust each other’s messages, can you trust the banks?
It may be the effect of the election but the regulation of banking in Australia appears to be descending into farce. Just last week, maybe in anticipation of adverse events to come, the Australian Financial…
Cleaning up?
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The government should resist the temptation to soften monitoring efforts aimed at MPs and their families and associates.
Senator Sam Dastyari, who has been involved in scrutinising the banks, and former Commonwealth Bank employee turned whistleblower Jeff Morris.
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Whistleblowers need better incentives, compensation and protection under Australian law, especially those in the private and not-for-profit sectors.
The Tata steel plant at Port Talbot.
EPA/ANDY RAIN
The UK government is considering taking a stake in a dying asset when it could have helped build a balanced economy much earlier.
Customers have the most to gain out of a review of the powers of the Financial Services Ombudsman, which sits under ASIC.
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Out of the many changes the federal government has made to ASIC, the review of the Financial Ombudsman will have the biggest impact on customers.
The earth is a finite place.
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The global economy is already unsustainable – let alone if it gets bigger.
Was Scott Morrison right about the powers of ASIC?
AAP/Richard Wainwright
After Labor proposed a royal commission into the banking industry, Treasurer Scott Morrison said the Australian Securities and Investments Commission (ASIC) has all the powers of a royal commission and more. Is that right?
Malcolm Turnbull has downplayed calls for a royal commission into the banks, arguing that their operations are already well governed.
AAP/Richard Wainwright
The politics that Malcolm Turnbull and the big banks support is one in which people are robbed of their citizenship and reduced to economic functionaries.
Can culture be regulated?
AAP/Dean Lewins
There are limitations to the narrative that more regulation can help tackle toxic bank culture.
The banking sector has problems, but a Royal Commission isn’t the answer.
AAP/Joel Carrett
Royal Commissions work best when one specific issue can be addressed, rather than a wide range of problems.
Domestic violence campaigner Rosie Batty has been engaged by ANZ to help the bank respond to victims of family violence.
Joe Castro/ AAP
The Victorian Royal Commission into Family Violence put the pressure on banks to respond to economic abuse. Now the banks are taking the first steps.
Because Australia’s banking system is so concentrated, the ‘big four’ banks face similar threats.
AAP/Joe Castro
Analysis of the similarities between Australia’s four largest banks shows all are exposed to risk of a housing bubble burst and face threats from digital disruption.
Former ANZ chief Mike Smith remains as a ‘non-executive advisor’ to the bank’s board.
Sam Cardwell/AAP
Unethical behaviour by bankers represents a systematic risk to banks, and causes widespread harm.
On the slide.
Joe Giddens / PA Wire
Barclays latest results show a slump. The underlying fundamentals of African banking, meanwhile, are sound.
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The evidence that €500 notes are used by criminals are strong. But there is no guarantee that scrapping them will crack down on illegal activity.
HSBC has decided not to walk.
REUTERS/Cathal McNaughton
The options for a move to Hong Kong were not as attractive as they might have appeared.
Out of kilter? Deutsche’s CEO makes his pitch.
REUTERS/Kai Pfaffenbach
Is the debt designed to prevent another financial crisis turning on its creators?
Commonwealth Bank chief executive Ian Narev speaks at a press conference after the bank’s half year results announcement.
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The Commonwealth Bank’s half year results suggest Australian banks are doing well despite the turbulence affecting banks internationally, however they may not be totally immune.
In the spotlight.
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A much-delayed report into the collapse of HBOS paints a picture of risk-taking by the bank’s board.