The government has delivered another win for the big banks, dumping a tax that Joe Hockey supported just months ago, Bernard Keane and Glenn Dyer write.
How worried should we be about a credit rating downgrade? Not much, Bernard Keane and Glenn Dyer write.
The Murray Inquiry is likely to hand the government an invitation to a fight with the big banks -- and Treasurer Joe Hockey is in no state to lead it.
The demonstration of bank power on the FOFA repeal illustrates the challenge of effectively regulating a sector that is beginning to dominate the Australian economy, write Bernard Keane and Glenn Dyer.
The Murray Financial Services Inquiry warns of the very problems the government is now making worse in financial planning and super -- and departs from the holy writ of earlier financial inquiries.
The financial services regulator APRA is unenthusiastic about the financial services inquiry, but has used it to complain about its resourcing.
The RBA's views on a range of issues are unlikely to be welcome at David Murray's financial services inquiry. But they're backed by a key super sector, Glenn Dyer and Bernard Keane write.
Is there a potential conflict of interest for former Commonwealth Bank CEO David Murray when he conducts a review of Australia's financial system?