261

A royal commission is needed to properly probe Commonwealth Bank's maladministration of its financial planning arm, the Economics References Committee of the Senate has concluded. read more

If there is to be a royal commission into CBA, one must assume it may end up ranging over more than financial planning mishaps and an unobservant bank board. read more

Quarterly "pillar 3" disclosures by banks may become more complex and also have to be produced on a more timely basis, if proposals from the Basel Committee on Banking Supervision come into force in A.. read more

Drawing customers first served by a third party into a branch may be one rationale for NAB's new HomePlus brand. read more

NAB will try to build on an already impressive turnaround in its HomeSide home loan business by ditching the brand. read more

The 'too big to fail' issue, excessive superannuation fees and the financial system's capacity to manage longevity risk are three themes selected by Treasury as "key policy issues currently being cons.. read more

"Agency costs arise where an agent pursues their own self-interest rather than those of the principal (or owner) because of information asymmetry or other incapacity on the part of the owner to ensure.. read more

Australian superannuation fees ranged from approximately 0.7 per cent to 2.4 per cent of mean fund size in 2013, with fees averaging around A$726 per year for a member with a balance of $50,000, David.. read more

"In Australia we do not draw a distinction between regulation aimed at ensuring the solvency of individual institutions and regulation aimed at minimizing systemic risk," David Gruen, executive direct.. read more

Access by foreign banks and offshore information processing firms to the Australian and New Zealand markets may be widened if an international Trade in Services Agreement (TISA) proceeds as presently.. read more