Shadow or parallel banking refers to the non-bank financial intermediaries that supply services similar to commercial banks.
Shadow banking provides investors with the means to isolate risks, transfer profits, avoid regulation and increase the range of money-like financial products available for investment.
Banking in a highly financialised society like Britain could be seen as akin to a fundamental human right.
Financial inclusion has been touted as one of the solutions to addressing poverty in South Africa.
Entities at the centre of the storm engulfing South Africa's social grants distribution system have claimed to be champions of financial inclusion. The claim in itself is scandalous.
The demonetisation drive has made the banking sector healthier but failed to curb 'black money'.
World Literature Today/Flickr
Financially illogical and fuelled by irrational dogma, the creation of a new tranche of private sector debt is a missed opportunity.
Even when bank customers have a very good reason to switch, research shows they’re often reluctant to make the move.
Bank customers usually stay with their bank despite scandals in the sector, however new tech that gives consumers more information might help them switch.
Women in senior positions at banks are just as likely to take risks as their male colleagues.
New research shows increasing female staff numbers is, on its own, unlikely to change the way risk is managed in banks.
Scott Morrison’s UK visit may deliver some new ideas on data for Australia.
Australia could follow the UK's lead in fostering progress in the financial technology sector.
The system is rigged for a small minority to profit, but are we brave enough to deploy the solutions that would work?
Commonwealth Bank CEO Ian Narev got a 50% pay rise despite scandals involving the bank in 2016.
Just before everyone sits down for their Christmas dinner ASIC has handed two of Australia's big four banks a big present.
Scandals, elections, budgets, 2016 had it all. Here's what made news in business and economics.
Blockchain can’t solve every problem in the finance industry.
For a discipline that is supposedly rational, finance has had its fair share of irrational crazes. For example, the dotcom bubble and the collateralized debt obligation craze that led to the global financial…
Superannuation’s influence on the Australian financial sector mostly balances out.
Business Briefing: what super is doing to banking and finance.
The Conversation 10 MB (download)
New research modelled how an increase in the superannuation guarantee would affect the finance sector and the results show it all balances out.
Italy faces uncertain times ahead.
EPA/Alessandro di Meo
Markets haven't panicked as they did with Brexit and Trump, but Italy faces serious economic issues in the near future.
Voters rejected Matteo Renzi’s referendum on constitutional reform, plunging Italy into political uncertainty.
The "no" result from Italy's referendum is likely to brew political and economic uncertainty for some time yet.
South Africa needs take a radically different path if it is going to make its economy more inclusive. It must start from the premise that markets are intrinsically skewed to historic privilege.
It’s hard to calculate the risk from rising mortgage delinquencies.
Increasing mortgage delinquencies is a warning sign for lenders. Especially if the economy starts to turn.
Commonwealth Bank of Australia CEO Ian Narev attends the parliamentary inquiry into the banking system.
AAP Image/Lukas Coch
Business Briefing: fixing culture in banking and finance.
The Conversation 19.7 MB (download)
"Banking culture" has drawn a lot of scrutiny this year, after several high-profile scandals. But Professor Paul Kofman says there isn't much evidence for how to intervene if there's a problem.
Donald Trump may be a populist, but his policies are set to be particularly popular with the banking industry.
Branches are likely to keep evolving into smaller outlets focusing on sales and more complex transactions.
Customers still want personal interaction with their bank, but do banks need branches to deliver it?