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Why Do We Trust Banks?

On this episode, we dive further into our collaboration with History Lab on the first deposit into Australia’s oldest bank by asking- Why do we trust banks?

We speak with Harry Scheule, Professor of finance, about how and why banks operate on trust and how that has changed since the Royal Commission into banking.

Harry is a member of the Retail Banking Council of FINSIA and occasional advisor to the financial service industry including banks, banking regulators and government.

Further Reading:

  1. More information on Harry’s research can be found on the UTS website
  2. The Australian Securities and Investments Commission (ASIC) enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors
  3. Australian Prudential Regulation Authority (APRA) promotes prudent behaviour with the key aim of protecting the interests of depositors, policyholders and superannuation fund members.
  4. The Reserve Bank of Australia seeks to foster financial system stability and promotes the safety and efficiency of the payments system.
  5. The Murray Inquiry Report

Music: Teddy Bergström, Henrik Neesgaard, Gunnar Johnsén and Anders Ekengren

Image:State Library of New South Wales/Bank of New South Wales, Melbourne

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