Comment (188 items)

Counting the cost of delayed financial reform

While the consumer and business advocates agitating for a high-powered inquiry into Australia's major banks speculate about how the numbers in the House of Representatives might fall their way in coming weeks, the federal government's effort to shield the industry from such an inquisition has buckled under a dead weight of public mistrust. read more

Cazaly called on a capital APRA operetta

The work on bank capital in Australia is not yet even half done by APRA. Conclusive guidance on risk weighting for the major banks (and maybe all entities) remains a work in progress or a secret too sensitive to share.Profits remain unfairly shared among the market elite. Or do we exaggerate?The "all fine, buy banks" snap reaction to APRA's "Information Paper on 'unquestionably strong' capital benchmarks"  - it's a miscue. read more

Comment: Banks authorised with onerous care

Any applause for a renovated law on use of the label "bank" in Australia may be misplaced. While Treasury officials expect that the draft reforms unveiled by Treasurer Scott Morrison yesterday will "result in a reduction of barriers to new entrants to the banking sector", the reality is more likely that they won't. Not one jot. read more

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