UNSW Centre for Law Markets and Regulation response to Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
The banking royal commission's most enduring legacy might be the cancer of too much caution throughout the financial services sector.
Immigration and light rail are both worthy topics of discussion, but it's time to discuss a new monetary policy framework.
Changes announced to superannuation insurance are just the start of what's needed, says UNSW Senior Lecturer Gordon Mackenzie.
In choosing not to impose restrictions on bonuses and commissions, the government left untouched the incentives for inappropriate financial advice and lending decisions.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
The impact of ASIC and APRA's response to the findings of the banking royal commission could be a gamechanger in 2018.
It seems ASIC and the Director of Public Prosecutions will have no lack of evidence to pursue civil penalties and criminal cases. The bigger issue is what charges to go with.
The CBA's response to AUSTRAC's claims means shareholders will be assisted in part of their class action claims but a lot still needs to be proved, write Michael Legg and James D Metzger.
Central bankers have not traditionally been concerned with economic equality. A new report suggests that the poor should be represented, writes Usman W. Chohan.