Andrew Cornell

Melbourne

Assoc Ed https://t.co/5UhECfeT4W, founding editor @ANZ_BlueNotes. Walkley winner, ex-AFR, opinions a la Murray Walker [email protected]

Featured in: Favicon

anz.com

linkedin.com Favicon

afr.com

truthout.org Favicon

advisorperspectives.com Favicon

towardfreedom.com Favicon

capitalbrief.com Favicon

bluenotes.anz.com

Articles

Big four banks' still face huge remediation bill, six years on from Royal Commission

3 days ago | capitalbrief.com | Andrew Cornell

The massive lump of post-Hayne remediation may be done but banks continue to struggle with new issues, costing precious time, and hundreds of millions of dollars. The major banks are still paying out hundreds of millions of dollars a year in remediation for new and ongoing issues, more than six years on from the Hayne Royal Commission which exposed widespread problems across the industry.
APRA scales back small bank oversight despite rising sector risks

1 week ago | capitalbrief.com | Andrew Cornell

APRA has removed dedicated prudential supervisors for smaller banks, despite acknowledging growing risks in the sector — instead relying on an inbox and supervisory panel. The banking supervisor has restructured its oversight of smaller financial institutions, despite rising strategic, credit and fraud risks in the sector — a move some banks say has reduced the intensity of their regulatory interactions.
Fintechs caught out in Trump chaos

1 week ago | capitalbrief.com | Andrew Cornell

The legendary American standup Shecky Greene had a great Frank Sinatra gag: “Frank Sinatra saved my life. Five guys were beating me up, and I heard Frank say ‘That’s enough’.”Donald Trump is no Frank Sinatra. But the gag captures the reality of someone capable of enormous damage who can pretend an absence of active malice is beneficent. The issue of course is once savaged, trust is not so easily salvaged.
Australian banks resist Trump-era climate retreat

2 weeks ago | capitalbrief.com | Andrew Cornell

Despite rising global political pressure — including from Trump’s anti-ESG movement — Australian banks are holding firm on net zero, but Scope 3 gaps remain. Australia’s banks are sticking with their net zero commitments despite global political pushback, but remain well behind on disclosing financed emissions and planning for the full scope of their climate impact.
Investors to shrug off ANZ's woes

2 weeks ago | capitalbrief.com | Andrew Cornell

Just or not, ANZ is unlikely to suffer any long-term damage from its caning by APRA and a consultant’s report on potentially widespread governance failings. People talk about a loss of trust, but in the real world Commonwealth Bank barely lost a customer during a running series of scandals with the Royal Commission and money laundering. Nor did Westpac with its own saga of scandals.
MSCI sees private credit demand holding up as VC, PE struggle for exits

3 weeks ago | capitalbrief.com | Andrew Cornell |Jassmyn Goh

Distributions from private credit funds are showing more resilience than private equity, attracting investors despite ongoing concerns around asset qualityPrivate credit market experts have expressed confidence in continued demand for the burgeoning asset class despite growing regulatory scrutiny and asset quality concerns, as buyout and venture capital funds face a slower pace of exits and tougher fundraising conditions.
Chris Cuffe on investing, philanthropy and lessons from four decades

3 weeks ago | capitalbrief.com | Andrew Cornell

Chris Cuffe is one of Australia's pioneering fund managers. Now he uses those skills to help others, blending investment savvy with a philanthropic mission. Chris Cuffe is a legend of the Australian funds management industry. Alongside star stock picker Greg Perry, he built First State Fund Managers from a three-person startup into Australia’s largest fund manager.
Matos to bolster ANZ amid bank tech battle

3 weeks ago | capitalbrief.com | Andrew Cornell

CEO change introduces enormous disruption, both operationally and culturally, while prolonged periods of lame duck leadership in the interim create their own inertia. Good news for ANZ then that CEO-elect Nuno Matos is now starting in May rather than July. The six months between his appointment and start date was always a bit of a mystery, given he had already left his previous gig at HSBC.
SMSFs pile into crypto for alternative asset exposure

3 weeks ago | capitalbrief.com | Andrew Cornell

Self-managed super funds are embracing crypto as an alternative asset, even as advisers stay cautious and regulators delay clear legislative guidance. While institutional superannuation funds await legislation around digital assets, self-managed super fund (SMSF) trustees are diving into cryptocurrencies as an alternative asset class.
Talent war

4 weeks ago | capitalbrief.com | Andrew Cornell

When you have a limited pool of people available to fulfil a key role in a highly remunerated business that carries immense kudos in the most valuable sector of the market, you have all the ingredients for a talent war. It's remarkable then that there has been such stability in the ranks of Australian bank analysts for more than a decade, given they parlay five of the top 10 stocks on the ASX. And those stocks have been on a massive bull run for more than a year.