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Banking Summit

Event Details

Wealth management products and services such as financial planning, superannuation and life insurance have been an growing part of the banks' offerings since the 1990s and early 2000s.

Banks funding the recovery

Banking takes centre stage as the economy rebounds




Westpac’s Anthony Miller told the Banking Summit: “For banks there is an enormous challenge around the world in terms of just getting the [ESG] data right.”

Banking Summit reveals growth hurdles for banks

Banks have exited the pressure cookers of the royal commission and the pandemic only to enter an even more uncertain world.

  • James Eyers
ACCC chair Gina Cass-Gottlieb described the CDR as important national infrastructure for the digital economy.

ACCC warns banks on delivery of consumer data right

ACCC chair Gina Cass-Gottlieb told banks it will take enforcement action if proper data is not being delivered into the open banking regime.

  • James Eyers
The rise of digital wallets such as Apple Pay was turbo-charged during the pandemic.

CBA backs move to scrutinise Apple’s restrictions on bank apps

The AFR Banking Summit has reignited tension between CBA and Apple over payments as the government considers new regulations for global digital platforms.

  • James Eyers and Max Mason

Commonwealth Bank, Revolut, set stage for race to ‘super app’ supremacy

Is it a bird? Is it a plane? No, it’s a super app, and it’s the next big thing in finance, according to Revolut and the Commonwealth Bank.

  • Lucy Dean

ANZ widens ambition for its A$DC, a cash-backed AUD stablecoin

The initial use case for the A$DC was onboarding into crypto. Now it’s extending to collecting government revenue, carbon trading and, ultimately, buying NFTs.

  • James Eyers


There are so few ‘yes’ and ‘no’ answers when it comes to energy. And gas is smack bang in the middle of an energy transition that looks anything but orderly right now.

Gas crisis shows no simple answers on climate for banks

There are no easy solutions to the bind that Australia finds itself in over energy. We are reliant on ageing coal-fired power stations, and have been slow to develop the renewable energy infrastructure the nation requires.

  • James Thomson


CBA chief executive Matt Comyn is keen on digital wealth management.

The big banks’ ‘Wexit’ is an elephant in the room

The exit of the major banks from wealth management might have been smart politics, but it has left far too many Australians without insurance or advice.

  • Updated
  • Aleks Vickovich
National Australia Bank chief executive Ross McEwan said he was “a wee bit surprised” by Dutton’s comments.

Skills shortage threatens economic recovery, government warned

The Albanese government must prioritise attracting skilled and unskilled workers to Australia or risk acute labour shortages further curtailing the economic recovery, banking leaders say.

  • James Eyers, Ronald Mizen and John Kehoe
Prime Minister Anthony Albanese addresses the first Labor caucus meeting at Parliament House.

Albanese announces Labor’s frontbench

Anthony Albanese says his newly announced frontbench has the most women ever in Australian history; CBA’s Michael Baumann expects house prices to drop 10 per cent. How the day unfolded.

  • Updated
  • Campbell Kwan and Georgie Moore
Alexi Boyd, of the Council of Small Business Organisations, says many businesses are missing out on the post-COVID recovery because of critical staff shortages.

Labour shortage at crisis levels

The Albanese government has been put on notice by the banking industry that it needs to urgently address the shortage of skilled workers.

  • Tony Boyd
Left to right Rebecca Mikula-Wright, CEO, Investor Group on Climate Change, Julien Vincent, Executive Director, Market Forces, Rochel Hoffman, National ESG M&A Lead, Deloitte Australia, and Anthony Miller, Chief Executive, Westpac Institutional Bank.

Future funding rests on green credentials: Westpac

Australia’s big banks are increasingly weighing carbon risk as seriously as credit risk, as the shift to net zero gathers pace.

  • Ayesha de Kretser and Lucy Dean

On-demand video: Banks on the recovery and reshaping their future

The Australian Financial Review Banking Summit 2022 challenges Australia’s most influential banking leaders.

ANZ chief executive Shayne Elliott.

ANZ CEO warns of ‘pain’ that will ‘flush out’ businesses

Chief executive Shayne Elliott warns that rising rates, inflation and labour shortages will bring “pain”, with the building sector most fragile to a wave of collapses.

  • Patrick Durkin
CBA CEO Matt Comyn told the AFR Banking Summit that the bank is “debating” its crypto foray.

Big banks get cold feet on crypto trading

Matt Comyn says it is still the bank’s intent to launch the service, but the project faces hurdles.

  • Updated
  • Aleks Vickovich, Jonathan Shapiro and Campbell Kwan
ACCC chair Gina Cass-Gottlieb at The Australian Financial Review Banking Summit 2022.

Apple, Google on notice on payments dominance

Apple and Google may be forced to loosen their grip over their digital payments, with the ACCC considering regulation to stop anticompetitive practices.

  • Max Mason
Matt Comyn says Australia is in a much stronger position economically than the United States.

What US hedge funds told Comyn about Aussie housing

Matt Comyn has returned from the US bursting with insights on the pain in the tech sector, the challenges facing BNPL, and the crypto conundrum. 

  • James Thomson
NAB’s Andrew Irvine and Westpac’s Chris de Bruin.

Business ‘under-indebted’ and hungry for post-COVID growth

Business bankers at three of the big four banks say they are ready to step up and lend as the nation’s obsession with property shows signs of waning.

  • Jonathan Shapiro
NAB CEO Ross McEwan addresses The Australian Financial Review Banking Summit on Tuesday.

Bankers surprised at Peter Dutton’s ‘woke’ criticism

Bankers say they are surprised that new Opposition Leader Peter Dutton has criticised big business for speaking too much on climate and social issues, arguing that managing the energy transition is a core part of business.

  • John Kehoe and Michael Pelly
Deloitte Access Economics partner Chris Richardson at the Australian Financial Review Banking Summit.

‘Markets are saying your life is about to be hell’: Deloitte partner

Financial markets predicting rates will hit 3 per cent are effectively betting people’s lives will become ‘hell’, Deloitte’s Chris Richardson says.

  • Updated
  • Ronald Mizen
Oxford Falls student and delegate Christopher Black asks NAB CEO Ross McEwan a question.

Schoolboy attacks ‘evil’ banks in protest at AFR Summit

Climate fury has boiled over at The Australian Financial Review Banking Summit with protesters inside and outside the event taking aim at the big banks.

  • Lucy Dean
ANZ retail group executive Maile Carnegie at the Summit.

Ugly twin of buy now, pay later is raising its head

ANZ’s head of retail banking, Maile Carnegie, says its customers who use buy now, pay later services are twice as likely to default as others.

  • Jonathan Shapiro
APRA says some banks had lent to highly indebted borrowers.

Interest rates to hit repayments, lenders warn

Chairman Wayne Byres says while most banks have lent responsibly, some have allowed customers to borrow too much in a sector that was no longer a low risk.

  • Max Mason and James Eyers
Australian Financial Review Banking Summit 2022 Ross McEwan, NAB CEO.

Construction is the ‘most worrying’ sector for NAB

National Australia Bank CEO Ross McEwan says the construction industry is particularly vulnerable to insolvencies at present.

  • Ayesha de Kretser
NAB chief executive Ross McEwan says it is getting harder to run a business in Australia.

NAB says election shows mandate for climate action

National Australia Bank chief executive Ross McEwan wants to see a national approach to measuring carbon output.

  • Tony Boyd
The IMF says there is a risk house prices could fall 14 per cent.

Labor housing policy could spark buyer battles in affordable suburbs

Labor’s Help to Buy scheme could put upwards pressure on accessible suburbs, pushing prices even higher.

  • Ronald Mizen