Daniel Ziffer’s rollicking account of Australia’s Royal Commission into banking is a jaw-dropping laundry list of scandals, heartbreaking stories, and ‘gotcha’ moments. The Hayne Commission was set up in 2017 to inquire into and report on misconduct in the Australian banking and financial services industry. The result was a litany of shocking revelations including charging … Read more
Every few years, as the Māori economy grows, someone floats the idea of an iwi-owned financial institution. The list of pros and cons is long, writes business advisor and Treaty commentator Joshua Hitchcock. It has been a challenging period for the banking industry in New Zealand. Moves by the Reserve Bank to strengthen capital carrying … Read more
As Australian banks make more and more money in New Zealand, they contribute less and less to the economy, says Sam Stubbs. Here’s what we can do about it. The Australian banking inquiry has been the greatest scandal in Australian corporate history. Heads are rolling, fines being handed out and criminal charges laid. And it’s far … Read more
The arguments against following Australia’s lead and holding a commission of inquiry into our banking and insurance industry don’t stack up. We’ve simply got to have one here, writes the head of one KiwiSaver provider Not long ago, Australian politicians, regulators, insurers and bankers were asked whether a Royal Commission into the banking and insurance industry … Read more
New Zealanders might complain about their banks but all signs suggest a Royal Commission into the industry here would fail to uncover serious problems, writes Massey Business School’s Dr Claire Matthews. One banking boss collapsed under cross-examination, another resigned after revelations that clients were charged for services they did not receive. There’s no doubt Australia’s … Read more