Steady as she grows

Australia's regulatory environment is now seen as world class

If US President Barack Obama is the lion tamer of America’s financial system, then Prime Minister Kevin Rudd is perhaps our financial sector’s pimp, spruiking our industry’s stability and growth in the face of global market uncertainty. As Obama prepares to enact legislation reigning in banks deemed too big, Rudd has made it easier for our big four banks to gain even greater market share.

The key difference is we’ve generally understood our banks to be too big, and put measures in place to ensure they don’t take advantage of their power. Take for example the Four Pillars Policy, which if you count the original six pillar version, is now 20 years old.

Whether by accident or design, Australia’s regulatory environment is now seen as world-class, and the Australian Government is moving quickly to remind the world that it may soon look much more attractive than a more highly regulated US or UK market...

Jan/Feb 2010

REQUEST FREE BACK ISSUE

FEATURE STORIES

RETAIL DELIVERY & DISTRIBUTION

Stable and able

New York and London may be in for a shakeup as the banking market moves offshore. Is Sydney ready to be the next hub?
Read More...

MARKETING & BRANDING

Capturing wallet share

Customers in the market for a new credit card have a shopping list of pricing and quality features they want to tick off with ease and speed
Read More...

COMPLIANCE & RISK

Eight billion and counting

Large and small lenders in the retail backed security market are rubbing their hands with glee at the latest funding announcement
Subscribe...

BEST PRACTICE & INNOVATION

Switch hitters

Australia has not seen the level of switch marketing from banks wanting to grow their current account portfolio that has been seen in other western countries
Subscribe...

NEW PRODUCT WATCH

The heat is on

Will competition in the mortgage market heat up in 2010? If so, non-bank lenders might get their fingers burnt
Subscribe...

IN EVERY ISSUE

Retail Delivery & Distribution
From coffee machines to juke boxes, banks are starting to incorporate retailing concepts into their branches.
Read More...

Marketing & Branding
Retail banking is one of the most competitive sectors for branding in the world. How do you ensure your brand stands out?
Read More...

Best Practice & Innovation
Defining best practice can be difficult in retail banking. When innovative products come along they are quickly copied, so staying one step ahead is essential.
Read More...

Compliance & Risk
A decade of legislative change in Australia has left retail and wholesale banks struggling to develop and maintain a culture of compliance. Is there an upside?
Read More...

People & Performance
The war for talent in financial services is driving innovation in recruitment, retention and rewards being offered to employees.
Read More...