Senior management across the financial services sector are to be held to account in an enhanced supervisory regime to be overseen by both APRA and ASIC.
The Commission’s work has four clear observations: the connection between conduct and reward; the asymmetry of power and information between financial services entities and their customers; the effect of conflicts between duty and interest; and holding entities to account.
After today’s Banking Royal Commission’s final report it may seem as if it is impossible for banks to regain trust.
Climate experts predict that this intensity of extreme weather events is likely to become the norm, with raging wildfires and heatwaves also increasing losses.
It’s that time of year again – the first Tuesday in November, when we run the Melbourne Cup! Once again, I have been tasked to find the followers of this blog the winner.
Over the past five years, the H2 Ventures and KPMG Fintech100 report has tracked the emergence and maturation of the startups looking to revolutionise the financial services sector.
The life insurance sector, like much of the financial services industry, is currently under great scrutiny. But the full picture, while not rosy, is a lot healthier than many might believe.
New KPMG research finds that the Australian major banks (‘the majors’) are facing a challenging new era of industry transformation, reporting a decrease in aggregate profits for the 2018 half year.
As private credit markets continue to evolve, the bypassing of the traditional bank market has revealed a range of new debt structuring options for financial sponsors, with the latest trend: unitranche debt.
The normally sedate world of accounting is currently undergoing its biggest shake-up since Australia joined the International Financial Reporting Standards (IFRS) regime back in 2005.