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- Big four
![Westpac’s Anthony Miller told the Banking Summit: “For banks there is an enormous challenge around the world in terms of just getting the [ESG] data right.”](http://web.archive.org./web/20221005085912/https://static.ffx.io/images/$zoom_0.2269%2C$multiply_3%2C$ratio_1.777778%2C$width_1059%2C$x_136%2C$y_297/t_crop_custom/c_scale%2Cw_300%2Cq_88%2Cf_auto/989b017ecdb2c7c425f52d3f3a2f202ee2beb7c9)
Banking Summit reveals growth hurdles for banks
Banks have exited the pressure cookers of the royal commission and the pandemic only to enter an even more uncertain world.
- James Eyers
ACCC warns banks on delivery of consumer data right
ACCC chair Gina Cass-Gottlieb told banks it will take enforcement action if proper data is not being delivered into the open banking regime.
- James Eyers
CBA backs move to scrutinise Apple’s restrictions on bank apps
The AFR Banking Summit has reignited tension between CBA and Apple over payments as the government considers new regulations for global digital platforms.
- James Eyers and Max Mason
Commonwealth Bank, Revolut, set stage for race to ‘super app’ supremacy
Is it a bird? Is it a plane? No, it’s a super app, and it’s the next big thing in finance, according to Revolut and the Commonwealth Bank.
- Lucy Dean
ANZ widens ambition for its A$DC, a cash-backed AUD stablecoin
The initial use case for the A$DC was onboarding into crypto. Now it’s extending to collecting government revenue, carbon trading and, ultimately, buying NFTs.
- James Eyers
May
- Opinion
- Chanticleer
Gas crisis shows no simple answers on climate for banks
There are no easy solutions to the bind that Australia finds itself in over energy. We are reliant on ageing coal-fired power stations, and have been slow to develop the renewable energy infrastructure the nation requires.
- James Thomson
May
- Opinion
- Opinion
The big banks’ ‘Wexit’ is an elephant in the room
The exit of the major banks from wealth management might have been smart politics, but it has left far too many Australians without insurance or advice.
- Updated
- Aleks Vickovich
Skills shortage threatens economic recovery, government warned
The Albanese government must prioritise attracting skilled and unskilled workers to Australia or risk acute labour shortages further curtailing the economic recovery, banking leaders say.
- James Eyers, Ronald Mizen and John Kehoe
Albanese announces Labor’s frontbench
Anthony Albanese says his newly announced frontbench has the most women ever in Australian history; CBA’s Michael Baumann expects house prices to drop 10 per cent. How the day unfolded.
- Updated
- Campbell Kwan and Georgie Moore
- Opinion
- Chanticleer
Labour shortage at crisis levels
The Albanese government has been put on notice by the banking industry that it needs to urgently address the shortage of skilled workers.
- Tony Boyd
Future funding rests on green credentials: Westpac
Australia’s big banks are increasingly weighing carbon risk as seriously as credit risk, as the shift to net zero gathers pace.
- Ayesha de Kretser and Lucy Dean
On-demand video: Banks on the recovery and reshaping their future
The Australian Financial Review Banking Summit 2022 challenges Australia’s most influential banking leaders.
ANZ CEO warns of ‘pain’ that will ‘flush out’ businesses
Chief executive Shayne Elliott warns that rising rates, inflation and labour shortages will bring “pain”, with the building sector most fragile to a wave of collapses.
- Patrick Durkin
Big banks get cold feet on crypto trading
Matt Comyn says it is still the bank’s intent to launch the service, but the project faces hurdles.
- Updated
- Aleks Vickovich, Jonathan Shapiro and Campbell Kwan
Apple, Google on notice on payments dominance
Apple and Google may be forced to loosen their grip over their digital payments, with the ACCC considering regulation to stop anticompetitive practices.
- Max Mason
- Opinion
- Chanticleer
What US hedge funds told Comyn about Aussie housing
Matt Comyn has returned from the US bursting with insights on the pain in the tech sector, the challenges facing BNPL, and the crypto conundrum.
- James Thomson
Business ‘under-indebted’ and hungry for post-COVID growth
Business bankers at three of the big four banks say they are ready to step up and lend as the nation’s obsession with property shows signs of waning.
- Jonathan Shapiro
Bankers surprised at Peter Dutton’s ‘woke’ criticism
Bankers say they are surprised that new Opposition Leader Peter Dutton has criticised big business for speaking too much on climate and social issues, arguing that managing the energy transition is a core part of business.
- John Kehoe and Michael Pelly
‘Markets are saying your life is about to be hell’: Deloitte partner
Financial markets predicting rates will hit 3 per cent are effectively betting people’s lives will become ‘hell’, Deloitte’s Chris Richardson says.
- Updated
- Ronald Mizen
Schoolboy attacks ‘evil’ banks in protest at AFR Summit
Climate fury has boiled over at The Australian Financial Review Banking Summit with protesters inside and outside the event taking aim at the big banks.
- Lucy Dean
Ugly twin of buy now, pay later is raising its head
ANZ’s head of retail banking, Maile Carnegie, says its customers who use buy now, pay later services are twice as likely to default as others.
- Jonathan Shapiro
Interest rates to hit repayments, lenders warn
Chairman Wayne Byres says while most banks have lent responsibly, some have allowed customers to borrow too much in a sector that was no longer a low risk.
- Max Mason and James Eyers
Construction is the ‘most worrying’ sector for NAB
National Australia Bank CEO Ross McEwan says the construction industry is particularly vulnerable to insolvencies at present.
- Ayesha de Kretser
NAB says election shows mandate for climate action
National Australia Bank chief executive Ross McEwan wants to see a national approach to measuring carbon output.
- Tony Boyd
- Exclusive
- Home loans
Labor housing policy could spark buyer battles in affordable suburbs
Labor’s Help to Buy scheme could put upwards pressure on accessible suburbs, pushing prices even higher.
- Ronald Mizen
