Financial literacy is more than numeracy, it requires a healthy scepticism of financial institutions and confidence in making financial decisions.
The Australian Banking Association says 'nearly 80% of bank profits go straight back to shareholders', the majority of whom are 'everyday Australians'. Is that right?
CBA's risk management strategy clearly states that responsibility rests with the board of the bank for any wrongdoing.
The CBA's response to AUSTRAC's claims means shareholders will be assisted in part of their class action claims, but a lot still needs to be proved.
Broadening the royal commission beyond banking may dilute the focus on the banks themselves.
Appearing to co-operate is the best way to try to influence the terms of an inquiry and manage the bad press.
Even though the Prime Minister and heads of the big four banks argue costly political uncertainty is the reason for the royal commission, experts argue the banks' behaviour itself is the real cost.
Parliamentary hearings reveal a lot of confusion between government, regulators and industry around banking regulation. This needs to be fixed.
One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.
Without clear support for whistleblowers in the terms of reference for the inquiry into CBA’s corporate governance, the conclusions will inevitably be tainted.
If APRA cannot evaluate a bank’s governance, who can?
One bank customer whose identity was stolen asks: 'Why didn't they call the fraud squad, or the police?' It's a very good question.
The APRA inquiry puts the regulator in the tricky position of trying to be seen to be tough on bank scandals but juggling its close relationship with the government and the CBA.
ASX rules and other legislation state that companies must disclose any information that could affect the price or value of shares.
A new lawsuit against the CBA puts climate change in a new legal light: a financial hazard. The case opens up fresh lines of attack on institutions that contribute to climate change.
New research shows that pay incentives, culture and employee attitudes all contribute to the failure to comply with policies and regulations.
The Australian public may be vulnerable to crime and terrorism directly funded through the Australian banking system.
Members of House Standing Committee on Economics should be asking the directors of Australia's Big Four banks (not the CEOs) different questions, if they really want the right answers.