Australia’s Royal Commission has brought out into the open a decade’s worth of misconduct in the country’s banking sector. As the industry faces geopolitical pressures and the emergence of challenger banks, Australian banking is set for an overhaul. Kimberley Long reports.
Low interest rates and lacklustre profitability could spark consolidation in the German banking sector. Despite these challenges, the system remains well capitalised with low NPLs and the prospect of benefiting from Brexit, as Kit Gillet reports.
There is early evidence that banks are changing their corporate cultures in light of regulatory initiatives such as the UK’s Senior Managers & Certification Regime. It is no surprise, therefore, that other regulators are taking a greater interest in it. By Justin Pugsley.