Some of the big hits failed to materialise, but the banking royal commission final report still lays out serious challenges for the industry, say experts from the UNSW Centre for Law, Markets and Regulation.
There are five key areas where the imminent financial services royal commission final report can propose change to protect consumers from the abuses endemic in these industries.
Banks and financial providers know how to take advantage of consumers' inability to make good decisions about financial products, writes Dimity Kingsford Smith.
Financial system regulation places far too much faith in self-proclaimed fairness and in systems that have not been properly tested, writes Justin O'Brien.
A series of UNSW workshops on the regulatory issues surrounding the Libor scandal will culminate in a major international meeting to coincide with November’s G20 Leaders Summit in Brisbane.
It is not sufficient for boards to merely rely on the existence of company insider-trading policies as a defensive mechanism, write Tim L'Estrange and Michael Legg.
The ubiquity of electronically stored information, such as email, has created an increased risk that material exempt from discovery due to client legal privilege will not be properly protected, writes Michael Legg.
In light of the upcoming G8 summit in Northern Ireland, the rationale for re-regulation of banking according to normative criteria has never been greater, argues Justin O'Brien.
The US Federal District Court's decision to strike out large parts of the Libor class action reveals a lot about the operation and limitations of private enforcement strategies, writes Justin O'Brien.
The terms of the HSBC deferred prosecution gives the US Department of Justice previously unparalleled external power to shape the culture of global banking, writes Justin O'Brien.
