Australian banks improved their efficiency after the introduction in 2003 of the ASX Principles of Good Corporate Governance, which aimed for improved governance mechanisms and thus better control over bank management.
AAP Image/Paul Miller
Good corporate governance is good for efficiency and profit in banks. But having independent board members and the number of board meetings don't play a role, research shows.
Malcolm Turnbull’s plan to bring bank executives before a parliamentary committee at least annually has been seen as little more than token.
Malcolm Turnbull’s resistance to a royal commission into banks is flouting public opinion and will test his own backbenchers, who have their fingers on the electoral pulse on this hot-button issue. An…
One has to ask what the banks fear. Are there further pockets of wrongdoing yet to emerge? No, they say.
Malcolm Turnbull’s plan to have the chiefs of the big banks regularly front a parliamentary committee is more gesture than substance. What it tells us is that Turnbull is very sensitive to the strong public…
Lower interest rates will only have the stimulatory effect required if they are passed on to borrowers.
Malcolm Turnbull announced the banks would now be regularly accountable to the parliament.
Malcolm Turnbull has announced that the heads of Australia's big four banks will be grilled annually by the House of Representatives economics committee.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction.
Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday's rate cut - or their chief executives must explain why they are not doing so.
Research has found Islamic banks are less risky than conventional banks.
Islamic banks are more risk averse than conventional banks in terms of capital and mobilising funds.
Internet scamming is proving to be an attractive career to a considerable number of Nigerian students.
Internet fraud – or ‘yahoo-yahoo’ – has become a way of life for some young Nigerian con-artists.
Lehman’s collapse set off current debate over when a bank is too big to fail.
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the 'bigger' picture.
Stay or go - Britons will vote this week.
A British exit from the European Union will mean short term volatility on global markets, but the longer term outcomes are more uncertain.
People queue to apply for social grants in Cape Town, South Africa.
What seems to be a simple question of banks’ responsibilities is actually a major issue playing out where social security, banking, property, criminal and constitutional law intersect.
The scope for systems like universal banking is smaller in an age where consumers can shop around for financial products.
The idea of separating out the retail arms of the Big Four banks, featured in the Greens election policy, has merit and has been done before.
Bill Shorten is not convinced the budget will be helped by giving the large banks what he says is $7.4 billion in tax cuts.
Are proposed tax cuts giving Australia's largest banks $7.4 billion over the next decade?
Westpac is one of the banks where ASIC alleges traders rigged the bank bill swap rate.
Business Briefing: the bank bill swap rate.
As more details are revealed in the bank bill swap rate rigging case we explain what the rate does, how it can be manipulated and what the government should be doing about it.
If the banks can't trust each other's messages, can you trust the banks?
Brexit would throw up all manner of problems for the UK economy, including a rise in borrowing costs for homeowners.
The earth is a finite place.
Earth image from www.shutterstock.com
The global economy is already unsustainable – let alone if it gets bigger.
Scott Morrison told a joint news conference with Assistant Treasurer Kelly O'Dwyer that the banks would pay an additional $121 million to increase the resources of ASIC.
Scott Morrison has warned the banks not to pass on to customers the $120 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission.
Was Scott Morrison right about the powers of ASIC?
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?
The banking sector has problems, but a Royal Commission isn’t the answer.
Royal Commissions work best when one specific issue can be addressed, rather than a wide range of problems.