Articles on ASIC

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The Australian Prudential Regulation Authority has been criticised for pursuing stability in a manner that has killed competition. Mick Tsikas/AAP

Australia’s financial regulators need policing

Our financial regulators ASIC and APRA need a board of oversight, similar to what the UK has, to keep them in check.
Retail Food Group (RFG) Managing Director Andre Nell (right) and Chairman Colin Archer. The company has been the focus of the latest investigation into franchise problems. Dan Peled/AAP

What is going rotten in the franchise businesses plagued by scandals

There are some hallmark problems within franchising in Australia and internationally and not all are within the franchisor's or franchisees' control to fix.
The federal government has announced a royal commission into banks and other financial services entities. AAP

Banking royal commission will expose the real cost of bad behaviour

Even though the Prime Minister and heads of the big four banks argue costly political uncertainty is the reason for the royal commission, experts argue the banks' behaviour itself is the real cost.
APRA’s independent inquiry panel member, John Laker, who is also chairman of the Banking Finance Oath initiative, will be one of the ones holding the CBA to account. DAN HIMBRECHTS/AAP

Where the accountability problems started at CBA

One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.

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