Read the latest company updates form this week
Analyst Andrew Mayes gives his verdict on the Royal Banking Commission
Impact of the proposed increase in capital for the big banks
The Interim Report of the Financial Services Royal Commission is sober reading, highlighting a financial system where misconduct engineered poor outcomes for many customers and, when revealed, the remediation and punishment appeared to fall substantially short of expectations. But the industry response to the Interim (and final) Report could also increase the visibility and attractiveness of some non bank finance companies as an alternative provider of credit, including some FIIG originated deals.
The monolith, CBA is also a bellwether for the broader housing market, so worth analysing for investors with exposure to residential property, either direct or indirect such as Residential Mortgage Backed Securities (RMBS)