Research & features (110 items)

The emerging supply chain finance market

Companies using the Optus Market Site procurement portal to transact with their suppliers have recently been given the option of setting up a secure payment facility to guarantee payments to suppliers. The payment facility also provides suppliers with the option of taking early payment for a discount on the invoiced amount. read more

Bendigo and Adelaide trim merger savings

Bendigo and Adelaide banks very slightly pulled back their estimate of the savings available from their merger in the booklet published on Friday in connection with the special meeting of shareholders of Adelaide Bank to vote on the merger. read more

TOFA amendments bypass IASB standards

A new branch of law-making is developing in Australia. It involves making changes to our accounting rules without having to deal directly with the body that now administers the accounting standards, the International Accounting Standards Board. read more

The muddle markets of British banking guarantees

Banks in Britain look likely to pay higher insurance levies as regulators recover from a muddle over their position over the support for, first, depositors in Northern Rock, and second, depositors of all other banks. read more

Seven weeks later, still waiting and wondering

Like Vladimir and Estragon, capital markets today are endlessly waiting. And as with the lad who conveys the life-long friends a message from Godot in Beckett’s play, salvation will not be visiting this evening “but surely tomorrow.” read more

The McFarlane exit interview: part III

This is the third and last instalment from an exit interview with John McFarlane, managing director of ANZ who retires from the bank at the end of September after 10 years at the helm of the company.This instalment covers the controversy over the performance of institutional banking, McFarlane's take on the reasons ANZ and also Westpac hired outsiders to take over as chief executive and also offers advice to budding CEOs. read more

The McFarlane exit interview: part II

This is the second instalment from an exit interview with John McFarlane, managing director of ANZ who retires from the bank at the end of September after 10 years at the helm of the company. read more

The McFarlane exit interview: part I

This is the first instalment from an exit interview with John McFarlane, managing director of ANZ who retires from the bank at the end of September after 10 years at the helm of the company. read more

Customer satisfaction is a measure of indifference

Banks have taken to customer surveys with a vengeance. It is rare to see a financial report that does not provide an update on the latest satisfaction ratings. Banks want to be known for providing “a superior customer experience” and they track their performance closely. But ask them what benefit they and their shareholders actually derive from having satisfied customers and they find it hard to tell you. read more

The US sub-prime crime explained

The dateline is now nearly a month old, but I read this one only for the first time at the weekend.The Financial Times on August 21 published a letter dated July 30 from Kyle Bass, managing partner of Dallas-based fund Hayman Capital Partners.“Let me start by saying it is much worse than even I thought it could be." read more

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