Negotiated deals between ASIC and alleged wrongdoers leave us in doubt as to the reach of the law.
Articles on Westpac
Displaying 21 - 40 of 57 articles
Management trumps technology in making companies productive, but that doesn’t mean firms can be complacent when it comes to keeping up with change.
ASIC and APRA don’t lack power to sack bank directors. They the lack the willpower to do so.
The Australian Banking Association says ‘nearly 80% of bank profits go straight back to shareholders’, the majority of whom are ‘everyday Australians’. Is that right?
Broadening the royal commission beyond banking may dilute the focus on the banks themselves.
Appearing to co-operate is the best way to try to influence the terms of an inquiry and manage the bad press.
Parliamentary hearings reveal a lot of confusion between government, regulators and industry around banking regulation. This needs to be fixed.
Westpac’s focus on the bottom line benefits of gender diversity overlook the fact that equality is a political imperative, not a corporate one.
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?
The new levy on banks from the budget is a small hit to their profit but it could have unintended consequences.
As the cost of renewable energy falls, funding a new mine is a risky investment.
The Victorian budget brought with it an increase in privatisation, which follows on from other state budgets, but the evidence for efficiency in this type of system isn’t there.
The news last week that Australia’s oldest bank, Westpac, has withdrawn from any prospect of financing Adani’s Carmichael coal mine may well be the death knell for the controversial project. Westpac is…
ASIC is telling CommInsure to do what it should have been doing all along. Let’s forget the past and mistreatment of customers, it’s paradise for firms that prey on the sick and dying.
Studies have shown that shame can motivate people to be both helpful but also vengeful, so the verdict is still out on whether it curbs bad behaviour.
The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
Members of House Standing Committee on Economics should be asking the directors of Australia’s Big Four banks (not the CEOs) different questions, if they really want the right answers.
Business Briefing: fixing culture in banking and finance
The Conversation19.7 MB (download)
"Banking culture" has drawn a lot of scrutiny this year, after several high-profile scandals. But Professor Paul Kofman says there isn't much evidence for how to intervene if there's a problem.
An ASIC report detailing how financial advice was paid for but not given by Australia’s big four banks exposes a culture problem that the government needs to deal with.
ASIC has been too slow to prosecute those accused of rigging the bank bill swap rate so it doesn’t matter if the government makes the penalties harsher for those found guilty.
Top contributors
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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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Adjunct Professor, Swinburne University of Technology
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Emeritus Professor of Finance, The University of Melbourne
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Senior Lecturer, Faculty of Law, University of Wollongong
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Professor, UTS Business, University of Technology Sydney
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Associate Professor of Finance, UNSW
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Scientia Professor of Economics, UNSW
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Professor of Business and Society, University of Technology Sydney
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Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington
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Professor of Finance, The University of Melbourne
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Director, Climate Change Communication Research Hub, Monash University
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Associate Professor in Humanities, Griffith University
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Adjunct professor, Department of Social Inquiry, La Trobe University