NEWSLETTER: Banking Sector – Issue 99

21 March 2022

Publications

Welcome to the latest edition of our Banking Sector Newsletter.

In this edition, ABC reports that inflation in Australia is rising, with the sanctions imposed on the Russian Federation causing oil and energy prices to soar, and the floods on Australia’s East coast causing severe food shortages with supermarkets lifting prices in response. This raises a question as to whether these rising prices will force the Reserve Bank to lift interest rates earlier than planned to keep inflation in control.

Meanwhile, Business Insider informs that Russian officials have warned that Western companies that pull out of the country could have their assets seized and and corporate leaders that criticise its government could be arrested. According to The Journal, several companies received Russian Prosecutors’ threats last week, including McDonald’s and IBM.

This issue of the Newsletter also provides the usual round-up of practice notes, cases and legislation.

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