FSI Panel Chair David Murray and Treasurer Joe Hockey released the Final Report in December 2014.
The report delivers for consumers.
The FSI’s recommendations on regulatory capital will help to level the playing field in the home loan market.
The FSI’s recommendations on competition include a review of competition every three years and better reporting by APRA and other regulators on how they balance competition against their core objectives.
The Murray Report delivers a high quality reform blueprint for the financial system that will promote competition and choice and ensure a better deal for consumers.
The Murray recommendations on bank capital will make the entire system stronger while getting rid of anti-competitive distortions that benefit the biggest banks.
A more resilient and more competitive banking system is good news for consumers.
The Murray report highlights the importance of culture in financial firms and the breakdown of trust. The customer-owned model has trust, fairness and a consumer-focus at its core.
COBA congratulates David Murray and the FSI panel on their achievement and we look forward to engaging with the Government and the regulators on the report’s recommendations.
Latest information from COBA on the FSI
The latest Submissions & Documents from COBA related to the FSI, are available below.
- October 2015 - Government's Response to the FSI Final Report
- 25 March 2015 - COBA Response to FSI Final Report
- 26 August 2014 - COBA second round submission to the FIS
- 26 August 2014 - Macroeconomics Research Paper commissioned by COBA
- 1 April 2014 - COBA Submission to the Financial System Inquiry
Attachment A - Competitive Dynamics in Retail Banking: An International Comparison
Attachment B - Equitable Taxation of Customer Owned Banking
- 1 April 2014 - COBA TV video infographic - Key Issues for Australia's Financial System
- 1 April 2014 - COBA TV interview - COBA on Competition and Choice for Consumers
- 25 February 2014 - Essential Research consumer survey - Attitudes to Banking Competition in Australia
- 25 Februray 2014 - Essential Research infographic - Attitudes to Banking Competition in Australia
- 19 February 2014 - COBA Discussion Paper - Competitive Neutrality
- 5 December 2013 - Financial System Inquiry – Draft Terms of Reference
The latest Media Releases from COBA related to the FSI, are available below.
- 20 October 2015 - Consumers the winners in Government’s FSI response
- 20 July 2015 - New poll shows Australians want FSI action
- 26 March 2015 - Government must seize FSI opportunity
- 7 December 2014 - Consumers the winners from Murray Report
- 5 December 2014 - FSI report set to be a game changer for banking
- 25 November 2014 - FSI a chance to support trusted banking model
- 11 November 2014 - Make it easy for consumers to tell a ‘local’ bank from a major bank
- 30 October 2014 - Claims on big bank capital dismissed
- 27 August 2014 - COBA seeks real change from FSI
- 22 August 2014 - New poll shows need for banking system changes
- 15 July 2014 - COBA response to FSI interim report
- 19 June 2014 - Call for crackdown on confusing banking information
- 12 June 2014 - National TV campaign highlights need for a stronger, fairer banking system
- 5 June 2014 - New research finds financial services competition risk
- 1 April 2014 - Financial System Inquiry must end big bank "age of entitlement"
- 25 February 2014 - New poll reveals Australians want stronger banking competition
- 19 February 2014 - Fair go needed for customer-owned banking
- 10 February 2014 - COBA calls for D-SIB levy in Federal Budget
- 04 February 2014 - Moody's outlines strengths of customer owned model
- 23 December 2013 - APRA confirms risks posed by big four banks
- 20 December 2013 - Banking inquiry has formidable task
- 21 November 2013 - Consumers have a stake in the future of banking
- 06 November 2013 - 27 billion reasons to end taxpayer subsidy
- 2 August 2013 - Target banking levy at real problem, not depositors
- 1 August 2013 - COBA raises questions about competitive effect of proposed new levy
- 31 July 2013 - Campaign for better banking deal heads to Adelaide
- 11 July 2013 - Push for banking inquiry heads to Queensland
- 4 June 2013 - Balance Banking campaign to visit Canberra and Victoria
- 16 April 2013 - Balance Banking Bus tour to drive competition and change
- 18 February 2013 - Australians want politicians to strike balance in banking