Journal of Banking and Financial Services

Journal covering banking and finance for members of the Australasian Institute of Banking and Finance.

Articles from Vol. 118, No. 5, October-November

AIBF Academic Prizes
On an annual basis the AIBF sponsors prizes for academic achievement in banking and finance studies at tertiary institutions in Australia and New Zealand. Through these awards the AIBF recognises excellence and provides an incentive for students to...
Bankruptcy, Family Law Strengthened to Stop Bankrupts' Rorts
Amended legislation will greatly improve the position of creditors where individuals become insolvent or bankrupt, by ensuring greater transparency surrounding transfers of property, assets or funds prior to insolvency or bankruptcy, and confirming...
Banks and Shared Services
In their quest to improve customer service and profitability banks are increasingly turning to shared services. A recent survey by the Bywater Group of 200 European companies found that 90 per cent are already using shared services or are planning...
Beyond the Business Case: AIBF Retail Financial Services Forum, AIBF Dinner
Looking beyond the business case As bankers we major in profit and loss statements and balance sheets. As a result we often develop a business case purely within our comfort zone of analytics and the financials. In my view of where I see the industry...
Commercial Loan Broking: What's in It for Bankers?
A discussion between two AIBF members, prominent within their own fields, provides some valuable insights into third-party origination of commercial banking and the opportunities this presents to bankers to strengthen credit quality and client relationships....
Congratulations
The Board congratulates the following members who have now qualified for their respective professional accreditation as per Rule 6(a) of the Institute: FELLOW Employer not specified JD Lincoln (NZ) PJ McLoughlin (Vic) ActewAGL RB...
Does Process Re-Engineering Deliver the Goods? Institutions Are Continually Reinventing and Implementing New Processes but Few Institutions Set Realistic Benchmarks to Assess Whether They Deliver the Targeted Improvements in Productivity and Efficiency
Process benchmarking has become a valuable tool for financial institutions seeking to evaluate achievements made through process integration, re-engineering and improvement. Institutions in competitive markets must maintain effective process operation...
Executive Education Is Now a Key Element of Corporate Strategy-Developing Leadership, Attracting and Retaining Talent, and Promoting Innovation
Leadership is fundamental to people Engagement In an increasingly knowledge-based economy and with a shortage of talented individuals, the development of our leaders and the quality of leadership within Westpac (both at corporate and team leadership...
Financial Education: Focusing on Both the Demand and Supply Sides: Both Employers and Banking and Finance Students Are Increasingly Seeking Focused Shorter Courses in Niche Areas That Are Closely Targeted towards Their Vocational Needs. Higher Education Providers Are Responding Accordingly
A new pragmatism among finance students Banking and finance students are becoming very pragmatic about their approach to learning and this is being reflected in the sorts of courses they are enrolling in at the moment. They seem well aware of developments...
How's Your Knowledge Bank?
The AIBF in South Australia recently conducted a highly successful quiz night. A number of questions specific to banking and finance formed part of the event We have repeated the questions and thrown a few more in for good measure The answers are...
Informing Stakeholders: Catch-22 for General Insurers
General insurers operating in Australia are required to publish financial statements periodically that adhere to legislatively backed accounting standards. These financial statements do not contain up-to-date financial details that could inform stakeholders...
Innovation within the Global Company: How Can Overseas-Owned Companies Create Unique Solutions within Their Branch Offices, Which Suit Local Customers and Conditions and Can Also Be Deployed Successfully in the Context of a Larger Overseas Parent Company?
Ideally, innovation in banking and financial services should be transmitted readily within global firms, both from head office throughout the firm's global network and from its branch operations back to head office and across the global network. However,...
Investing in Victoria's Future
The Victorian Government has launched a strategic action plan to develop the State's financial services sector and establish Melbourne as a major regional focus for finance and investment research. In May 2004, Victoria became the first Australian...
Meet Sharon Waterhouse FAIBF: The AIBF 2004 Williamson Scholar: Sharon Has Made Significant Achievements in the Financial Services Industry through a Variety of Roles in Business, Consumer and Regional Banking, and Has Maintained a Strong Involvement with the Wider Community throughout Her Career
Sharon's key contribution to the financial services industry has been in developing new initiatives and managing the implementation of change based on these innovations. A key example, in recent years, was the call centre personal loans business that...
Monetary Policy in Review: After Two Decades of the Current Approach to Monetary Policy Following the Deregulation of the Financial System It Is Appropriate to Evaluate the Effectiveness of These Techniques
The role of expectations Monetary policy is currently based on changes in the cash interest rate. This interest rate is the rate paid on large denomination overnight deposits in the wholesale money market. Changes in this rate affect longer-term...
New Directions for Executive Education and Development
Closing the gap between business principles in theory and in practice The growth of the knowledge economy and the increased complexity and competitiveness of business have led to significant changes in executive education and development programs...
Professional Development Functions
THE AUSTRALASIAN INSTITUTE OF BANKING AND FINANCE PROVIDES MEMBERS WITH NETWORKING, EDUCATIONAL, TRAINING AND INFORMATION OPPORTUNITIES. The AIBF is the prime professional association for the banking and financial services industry and membership...
Small Business Banking-Meeting Whose Expectations?
I've been in banking over 30 years--and I've seen enormous change--in our society, in our industry and at the National. Change affects us all It's the capacity to recognise the need for change, to embrace it and to surpass the expectations of everyone...
Taking a Global Perspective on the Retail Financial Services Industry: AIBF Retail Financial Services Forum, August 2004
Several years ago, a corporate futurologist predicted that the Pound, the Yen and the Euro would all be extinct by the year 2020 and Cyber dollars would be the global electronic currency. Now that may or may not happen, but it's not beyond the imagination....
University Course Listings
Charles Sturt University CONTACT: Deirdre Keogh ADDRESS: Faculty of Commerce, Panorama Avenue Bathurst 2795 PHONE: 02 6338 4243 FACSIMILE: 02 6338 4769 EMAIL/WEBSITE: dkeogh@csu.edu.au www.csu.edu.au Courses Bachelor of Business...
Welcome
The Board welcomes the following new members: AUSTRALIA NEW MEMBERS Employer not specified M Crowley (NSW) SP Hallows (NSW) HL Pang (Overseas) ANZ Banking Group Limited MR Gartrell (Qld) M Di Petta (Vic) L Lethbridge (Vic)...
What's Happening to CPD? How Continuing Professional Development Is Being Reinvigorated by Changing Expectations and Advances in Technology
A number of significant developments are currently reshaping and reinvigorating the Continuing Professional Development (CPD) field, including: * A general shift in the community's view that education should be a continuous lifetime process rather...
When Is a Lease Not a Lease? When It's a Security Agreement
Can possession be 10/10ths of the law? Does your bank or financial institution lend money on the security of goods that a borrower can lease or bail to someone else? If it does, you and your borrower probably expect that the ownership of those...