Gruen identifies key themes for the FSI report

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 highlighted in banking

"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

Super fees shocking

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

Independent regulators on notice

"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

TISA tizz over pillars policy

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

NAB patent folly flops

An idiosyncratic investment of National Australia Bank has come to an end, crushed by a unanimous decision of the Supreme Court of the United States. read more

Financial deepening bypasses banks

Australian banks can expect the equivalent of US$166 billion in new corporate financing business to be fulfilled by the debt capital market over the next five years, Standard & Poor's conclude in.. read more

Europe ripe for bank attack

Europe stands out as the region that will experience the highest constraints on bank lending, Standard & Poor's said in a new study. read more