Financial services are facing an unprecedented set of pressures from increasing cyber threats, disruption, competitive pressure from new entrants, consumer and shareholder activism and regulatory oversight.
KPMG’s Major Australian Banks Full Year Analysis Report 2020 finds that the Majors reported a combined cash profit after tax from continuing operations of $17.4 billion, down 36.6 percent on FY2019.
COVID-19 has certainly taken no prisoners and both my passions, superannuation and horse racing are no exceptions.
The COVID-19 crisis has added even more complexity to a rapidly-changing super fund sector and has disrupted established market trends.
KPMG analysis finds that the Australian major banks (‘the Majors’) have reported a decline in aggregate cash profits for the first half of 2020.
In recent days we’ve heard fears expressed that credit markets have ground to a halt as result of COVID-19: that’s not the case.
2020 is set to be a pivotal year for fintech and the wider financial services industry.
A year on from the Hayne Commission represents a natural time to consider the new regulatory environment facing corporate Australia.
Provision for retirement is an issue that affects all of us, but on balance the female half of the population has more to worry about than the other.
Insurance is, by its nature, cyclical. KPMG Australia’s annual General Insurance Industry Review, released today, proves the point.
The Australian major banks (“the Majors”), like many other businesses, are dealing with substantial economic and regulatory headwinds.
As a horse lover and a keen student of horse racing, as well as a believer in a strong financial system – it has been a tough year.
New regulatory regimes have granted people more control over their superannuation than ever before and opened up a new world of innovation for funds. Open Super is here.
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