Our financial regulators ASIC and APRA need a board of oversight, similar to what the UK has, to keep them in check.
Research shows that cash bonuses are responsible for many recent financial scandals. The alternative isn't that great either.
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.
While the government hopes its new regulation will rein in the banks, it's unlikely to do so.
The new banking regulations undermine the existing system, confusing regulators and achieving very little.
Fully half of Westpac's loan book consists of interest-only loans, so why are the banks not more concerned about what could happen next?
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?
APRA announced it will open its new season with an inquiry into the Commonwealth Bank of Australia. But the opening of this new show raises some questions for the producers.
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.
Many of us barely glance at our own superannuation account balances, so it’s reasonable to predict that only a tiny fraction are likely to go to a super fund annual meeting.
The government's best ideas for how to grow wages and incomes do not inspire confidence.
What critics of the plan to use superannuation for housing miss is that Australia’s super system already channels a significant proportion of retirement savings into housing.
Negative gearing plus inadequate supply plus low wage growth equals financial distress.
The government's unwillingness to consider changing the tax system to fix housing affordability, makes it more likely that APRA may have to become even more prescriptive with its lending criteria.
Some argue, determinedly and erroneously, that when functioning correctly bank capital levels are almost magical things.
Investor loans are on the increase again, causing pause for the regulators.
APRA has updated its guidance to lenders on concerns about the risks to financial stability from the housing market, but it should be focusing more on the banks, not hurting those with a mortgage.