Revolut is only the latest ‘neobank’ to challenge Australia’s highly concentrated banking sector. But this attempt is backed by Europe’s most valuable startup.
Articles on APRA
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One in five super funds are leaving members to make high-stakes decisions about retirement alone.
The new restrictions on higher-risk borrowing will be a first for Australia. Here’s what’s changing.
Superannuation funds are under pressure to justify their expenses after one of Australia’s biggest used members’ savings for corporate hospitality.
Non-executive directors are supposed to provide a company’s management with independent perspectives. Does the experience gained by letting them stay long-term outweigh the independence lost?
If big money is going to invest in clean energy and technology, the rules have to be clear. Australia’s launch of a green finance strategy last week was a good start but there is further to go.
The new rules limiting what banks can lend are aimed at real estate investors. APRA believes they’ll have little impact on first home buyers.
One in every six MySuper funds failed the test. One million members will be invited to leave, and it’ll be made easy.
Nothing, not even advertising will be permitted unless it is in the ‘best financial interests’ of members.
The National Consumer Credit Protection Amendment bill goes against two explicit recommendations of the banking royal commission.
If anything, the standards are becoming easier, rather than harder, to apply.
It’ll be up to the borrower, not the lender to determine whether what’s offered is suitable under changes to be detailed in the budget.
Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
APRA is allowing the big four banks to coordinate in a way that might otherwise be illegal.
The Reserve Bank has scheduled an announcement for Thursday. The government will unveil a second coronavirus stimulus package within days.
“Balanced scorecards”, of the kind countenanced by the Australian Prudential Regulation Authority, are inherently unbalanced.
Combined, APRA and the Reserve Bank are about to give households on $150,000 up to $120,000 more borrowing power.
Under cover of a speech from the Reserve Bank governor, the Prudential Regulation Authority has moved to make it 10% easier to borrow.
The government has agreed to create an independently-chaired body to report on the performance of ASIC and APRA, but it hasn’t said its reports will be made public.
Getting better behaved banks isn’t difficult. Here are three places to start.
Top contributors
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Scientia Professor of Economics, UNSW
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Senior Lecturer, Faculty of Law, University of Wollongong
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Emeritus Professor of Finance, The University of Melbourne
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Associate Professor in Banking and Finance, The University of Queensland
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Professor - Risk governance, culture, remuneration, Macquarie University
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior Lecturer, Adelaide Law School, Adelaide University
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Professor of Law, The University of Western Australia
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Industry Professor, University of Technology Sydney
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Industry Fellow, Corporate Governance & Senior Lecturer, Swinburne Law School, Swinburne University of Technology
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Professor in Finance and Banking, University of Sydney
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Senior lecturer, Queensland University of Technology
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Professorial fellow, Monash University