The New Zealand subsidiaries of major Australian banks might be highly profitable, but realising their true sale value can still be a challenge.
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Articles on Banking regulation
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Threats over the bank’s decisions about lending to coal miners call into question the government’s commitment to free enterprise.
Nigeria’s cashless policy seeks to minimise cash-related crimes, but it seems to have replaced that risk with another: electronic fraud.
The shutdown is highlighting the crucial role government plays in the lives of citizens and businesses, offering a reminder of its fundamental value to the economy.
Putting regulators inside corporations isn’t new, and the US experience highlights risks of regulatory capture, but the move could make a difference if ASIC is shifting to more robust enforcement.
Restructuring might help manage conflicts of interest between offering advice and selling products, but it doesn’t fix the culture that sacrifices customers’ interests to the pursuit of profits.
ASIC and APRA don’t lack power to sack bank directors. They the lack the willpower to do so.
Instead of having a separate regulator just for banks, the new system creates one to prevent financial crises, the other to ensure good market conduct and consumer protection.
The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship.
Our financial regulators ASIC and APRA need a board of oversight, similar to what the UK has, to keep them in check.
Broadening the royal commission beyond banking may dilute the focus on the banks themselves.
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.
Malcolm Turnbull and Scott Morrison appear to have become hostages to rebel Nationals determined at all costs to secure a commission of inquiry into the banks.
Parliamentary hearings reveal a lot of confusion between government, regulators and industry around banking regulation. This needs to be fixed.
If APRA cannot evaluate a bank’s governance, who can?
Evidence suggests a strong relationship between sustainability and the global competitiveness of a country. Nigerian businesses need to embrace it in order to thrive.
Top contributors
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Senior Lecturer, Faculty of Law, University of Wollongong
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
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Professor of Management & Organizations; Professor of Environment & Sustainability; Professor of Sustainable Enterprise at the Ross School of Business and School of Environment and Sustainability, University of Michigan
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Associate Professor in Finance, University of Sydney
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Visiting Professor at the Business School, University of the Witwatersrand
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Professor of Business and Sustainable Development, The University of Edinburgh
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Sociologist/Criminologist/Victimologist and Media Communication Expert, University of Ibadan
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Professor - Risk governance, culture, remuneration, Macquarie University
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Professor of Banking, Massey University
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Senior Economist and Associate Director of Social Science and Policy, University of Michigan Energy Institute, University of Michigan
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Vice-Chancellor’s Fellow, University of Tasmania
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Associate Professor of Economics, Te Herenga Waka — Victoria University of Wellington
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Emeritus Professor of Finance, The University of Melbourne
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Professorial Fellow, University of Canberra
