The Conversation played host to really important new ideas in 2018. Some will take years to develop. Others will never come to fruition. But they’re important.
Articles on Banking royal commission
Displaying 61 - 80 of 120 articles
With public hearings finished, insiders are making a last-ditch bid to either soften or sidetrack the final report of the banking royal commission.
Examination of the first deposit in what became Westpac tells us much about 1817, not all of it pleasant.
Proceedings at the banking royal commission suggest if it isn’t in the minutes of a board meeting, the board didn’t consider it. It makes the role of the company secretary critical.
There are practical steps we can take right now to fix the banks. History suggests they’ll never do it left to themselves.
There’s symbolic power in heads rolling when an organisations does wrong. But cultural change is more complicated than that.
Frydenberg and Porter said ASIC’s increased enforcement activity was expected to lead to “more prosecutions by the CDPP and more civil
corporate misconduct cases before the Federal Court.”
Banks have viewed their codes of conduct as non-binding statements of comfort. They need to enforce them under pain of legal penalty.
We rightly expect trustees of superannuation funds to do their jobs. Much stronger behavioural controls and civil penalties are needed to ensure they do.
Women in investment management face sexist treatment and no accommodation of parenting responsibilities. That’s bad news for a sector critical to all Australians’ economic security.
Shorten’s extra royal commission hearings and legislating the GST carve-up.
Getting better behaved banks isn’t difficult. Here are three places to start.
In his three volume 1,000 page interim report Commissioner Hayne has built an irrefutable case for root and branch reform.
How can our major institutions, particularly from the banking and finance sector retain their corporate legitimacy? What role should their boards be playing?
Royal Commissioner Kenneth Hayne is arguing for less and clearer law, and tougher corporate cops.
The banks get most of the blame in Commissioner Hayne’s explosive report, but there’s some for us as well.
Rather than introducing still more laws to regulate banks there is a case for stripping down the ones we have got to make their aims crystal clear, Commissioner Hayne says in his interim report.
The banking royal commission’s most enduring legacy might be the cancer of too much caution throughout the financial services sector.
Flaws in the ABC Act set up conflict and allow the government to pressure it.
It is a furphy that regulation for good corporate culture is impossible. It is done in the Netherlands and it is already under way in Australia, albeit in an unacknowledged, and limited, form.
Top contributors
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Professorial Fellow, University of Canberra
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Sessional Lecturer, PhD (Management) Candidate, School of Management, RMIT University
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Lecturer in Social Procurement, The University of Melbourne
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Professor of Law, The University of Western Australia
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Emeritus Professor of Finance, The University of Melbourne
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Senior Lecturer, Faculty of Law, University of Wollongong
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Scientia Professor of Economics, UNSW
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Associate Professor of Finance, UNSW
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Lecturer in Politics, The University of Melbourne
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Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
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Honorary Associate, Faculty of Business, School of Management, University of Technology Sydney
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Vice-Chancellor and President, University of Canberra
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Industry Adjunct, Adelaide University
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Executive Director @ Australian Institute of Performance Sciences, Strategic Partner @ Swinburne University MedTechVic, and Visiting Fellow at the Institute of Public Policy and Governance at, University of Technology Sydney