Title page
Contents
Chair's foreword 3
Membership of the Committee 7
Terms of reference 8
Abbreviations 9
1. Introduction 10
Background 10
Scope and conduct of the review 12
2. Current issues in prudential regulation 13
Overview 13
Banking sector 14
Measures to reinforce sound residential mortgage lending practices 15
Royal Commission and UBS findings 20
Risk weightings for small-to-medium sized enterprises 26
Improving banking competition 27
Lines of regulatory responsibility: APRA and ASIC 28
Inquiry into the CBA 29
Senior executive remuneration and accountability 31
Remuneration review 31
Banking Executive Accountability Regime 32
Risk management 34
Risk culture 34
Climate change 35
Cyber-risk 36
Crisis regulatory framework 37
Superannuation 39
Measures to improve member outcomes 39
Governance of fund payments to related or other parties 40
Fund performance 43
Conclusion 44
Appendix A. Hearing and witnesses 46