During the year 2017, there have been numerous calls to investigate the quality of services provided by banking, superannuation, and financial service providers from media, political parties, and consumer groups. At the end of the year 2017, the Australian government announced the formation of a full-scale Royal Commission to investigate the misconduct of the financial institutions. After a yearlong investigation, Banking Royal Commission Report 2019 found that banks were charging fees and commissions to their customers without offering services and for which the commission reports bank’s governance practices were “below mature practice”. With this background of the banking industry, the objective of our research is to examine the relationship between the governance quality and the sources of off-balance-sheet incomes of banks.
|Short title||Governance quality, off-balance sheet exposures and banking misconduct in Australia|
|Effective start/end date||29/11/19 → 31/03/22|