Lifting the licensing ban is expected to strengthen banks and, possibly, competition.
Articles on Banking regulation
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As the U.S. pushes for greater access to Canada’s banking market, Canada must weigh the steep political costs of allowing a stronger American banking presence.
The US economy has always been a mix of government regulation and market forces. The balance between those has shifted over time, but never has one side or the other been substantively removed.
Stopping bank closures in the Pacific is vital for the economic wellbeing of island communities and their trading relationships with other countries.
Insurance is supposed to be a safety net, but it can be weaponised in domestic and family violence situations. There’s a lot we can do to better protect victim-survivors.
German banks located outside of areas regulated by a key financial watchdog sharply increased business with sanctioned countries.
The New Zealand subsidiaries of major Australian banks might be highly profitable, but realising their true sale value can still be a challenge.
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.
Top contributors
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Senior Lecturer, Faculty of Law, University of Wollongong
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Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Professorial Fellow, University of Canberra
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Professor of Business and Sustainable Development, University of Edinburgh
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Professor - Risk governance, culture, remuneration, Macquarie University
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Holcim (US) Professor of Sustainable Enterprise, Ross School of Business, School for Environment & Sustainability, University of Michigan
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Vice-Chancellor’s Fellow, University of Tasmania
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Associate professor of finance, HEC Paris Business School
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Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington
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Adjunct Associate Professor, School of Social Sciences, UNSW
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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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Professor of Banking, Te Kunenga ki Pūrehuroa – Massey University
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Professor of Sociology (Criminology, Victimology and Security Studies), University of Ibadan
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Emeritus Professor of Finance, The University of Melbourne