The Consumer Data Right legislation will facilitate transportation of data. However will it lead to greater competition amongst financial products in Australia?
There is a fundamental weakness in China's capital markets, says Vic Edwards from UNSW's School of Banking and Finance.
Customers can now change the way they do business with banks.
Bank shares soared 4% to 7% after the royal commission report. That could be because it will do them little harm.
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.