Episode 18- Why do we trust banks?
On this episode, we dive further into our collaboration with History Lab on the first deposit into Australia\u2019s oldest bank by asking- Why do we trust banks? \n\nWe 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. \n\nHarry is a member of the Retail Banking Council of FINSIA and occasional advisor to the financial service industry including banks, banking regulators and government.\n\nFurther Reading:\n\nMore information on Harry\u2019s research can be found on the UTS website\n\n\n\nThe Australian Securities and Investments Commission (ASIC) enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors\n\n\nAustralian Prudential Regulation Authority (APRA) promotes prudent behaviour with the key aim of protecting the interests of depositors, policyholders and superannuation fund members.\n\n\nThe Reserve Bank of Australia seeks to foster financial system stability and promotes the safety and efficiency of the payments system.\n\nThe Murray Inquiry Report \n\n\n\nMusic: Teddy Bergstr\xf6m, Henrik Neesgaard, Gunnar Johnse\u0301n and Anders Ekengren