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Showing 71 - 80 of 104 results for "House of Representatives Standing Committee on Economics"

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector. The report said this could be achieved ...

Poll provides fresh defence against Royal Commission

MARK SMITH  |  FRIDAY, 14 OCT 2016
The Australian Bankers Association (ABA) has launched its latest defence against Labor's proposed Royal Commission, releasing new poll data that shows a fall in support for an inquiry. The poll, conducted by Galaxy between October 6-9, shows two thirds ...

ABA denies precedent for matching RBA cash rates

ALEX BURKE  |  FRIDAY, 5 AUG 2016
The Australian Bankers' Association has rejected calls from Parliament to justify its interest rate pricing based on the Reserve Bank's cash rate. Following the RBA cutting the cash rate to 1.75%, Prime Minister Malcolm Turnbull told media that "the ...

Super governance at top of APRA agenda

MARK SMITH  |  MONDAY, 21 MAR 2016
The Australian Prudential Regulation Authority has highlighted three superannuation governance issues it will prioritise in its regulatory agenda for 2016. The first of these issues is what the regulator called "the robustness of strategic and business ...

ZIRP to bring back "animal spirits"?

BENJAMIN ONG  |  FRIDAY, 26 FEB 2016
Actual total private new capital expenditures may have surprised on the upside, rising by 0.8% in the three months ended December 2015 when they were expected to drop by 3.0% but... they're still not a pretty set of numbers. Uglier still, according ...

Aussie, Aussie, Aussie! Noi, noi, noi!

BENJAMIN ONG  |  TUESDAY, 22 SEP 2015
Another Monday, another sell, sell day. This time the media - social or otherwise - are calling the sharp drop in the Australian equities market yesterday a "Horror Monday". It wasn't as bloody as that "Bloody Monday", 24 August, when the benchmark ...

New faces to lead financial services policy reform

LAURA MILLAN  |  MONDAY, 21 SEP 2015
Prime Minister Malcolm Turnbull's Cabinet reshuffle brings new faces and a new structure to the government's top economy, finance and business ministries. Social Services Minister Scott Morrison was appointed Treasurer, while Finance Minister Mathias ...

APRA shakes up executive team, addresses super conflicts

ALEX BURKE  |  FRIDAY, 20 MAR 2015
APRA has made multiple changes to its senior executive team. Steve Matthews has been appointed executive general manager, corporate services, having been APRA's chief financial officer since 2010. Brandon Khoo replaces Keith Chapman as executive general ...

Happy Australian dollar Day

BENJAMIN ONG  |  TUESDAY, 27 JAN 2015
Australians all, let us rejoice for exactly on the day we celebrated our national day, the A-dollar dropped to US$0.7855 - its lowest level since July 2009 - bringing it closer to the US$0.75 mark that would make RBA Governor Glenn Stevens a happy little ...

RBA to business: release the animal in you

BENJAMIN ONG  |  THURSDAY, 21 AUG 2014
"What do you know about medicine?" This was what the doctor I consulted asked me when I asked for a stronger dose of antibiotics to rid me of the bacterial bugs that have invaded my body a few months back. Well doc, I may not know about medicine as ...