Articles sur Commonwealth Bank of Australia

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Commonwealth Bank CEO Ian Narev speaks to the House of Representatives standing committee on economics. Lukas Coch/AAP

Bank inquiry won’t take royal commission off the political agenda

The initial day of the parliamentary interrogation of the big banks’ chiefs has probably only strengthened the hand of those urging a royal commission. Malcolm Turnbull proposed bank executives should…
ASIC chairman Greg Medcraft says the regulator ‘can’t look over everyone’s shoulder’. Dan Himbrechts/AAP

Banking royal commission should be paid for by banks

Banks have had notice of these issues and failed to resolve them - it seems only fair that they should have to pay.
The performance of ASIC in regulating financial fraud remains under question, despite Chairman Greg Medcraft’s recanted statement that Australia is a “paradise” for white-collar criminals. Britta Campion/AAP

Do the crime, do the time? Not if you’re a banker in Australia

Recently, the head of the Australian Securities and Investments Commission, Greg Medcraft, called Australia a “paradise” for white-collar criminals. Soon after he recanted, claiming he didn’t want the…
Some financial advisers are greedy, but others simply have a bias problem. Shutterstock

What behavioural economics tells us about financial adviser greed

There’s no doubt incentives matter for financial advisers. If an employer pays a higher commission to an adviser for selling one product instead of another, it’s likely the commission-linked product will…
Australia’s employee fraud problem needs a new approach. Shutterstock

Making companies pay for failing to prevent employee fraud

The high cost of organisational fraud in both private and public sectors in Australia continues to haunt organisations, particularly fraud committed by “trusted” employees. Cases prosecuted this month…
The independence of CBA’s Open Advice Review program has been called into question. Dean Lewins/AAP

Commonwealth Bank inquiry will need to be robustly independent

It clearly took some courage (and a lot of persuasion from powerful friends) to convince Ian Narev, the Chief executive of the Commonwealth Bank to respond to widespread demands and front the media with…
Commonwealth Bank CEO Ian Narev said the bank’s review process will be independent. Dean Lewins/AAP

Commonwealth Bank ‘truly sorry’, but independent review doubts

Commonwealth Bank of Australia chief Ian Narev has apologised for breaching customer trust after evidence emerged of serious…
The spotlight is on the David Murray’s Financial System inquiry following a report critical of the Commonwealth Bank and Australia’s corporate regulator. AAP/Joel Carrett

No Royal Commission; but banks not too big to be held to account

The Senate inquiry in the actions of the Commonwealth Bank and the Australian Securities and Investment Commission has drawn a line in the sand, holding the banks and financial advisers to account for…
The Commonwealth Bank and ASIC may face a Royal Commission. AAP/Dan Peled

Call for Commonwealth Bank, ASIC to face Royal Commission

A senate inquiry has called for the Commonwealth Bank (CBA) and Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), to be investigated by a Royal Commission. The…

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