Articles on Banking royal commission

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The remote community of Urapunga in South East Arnhem Land, more at the mercy of the finance industry than most. J. Louth

Banking Royal Commission: How Hayne failed remote Australia

It's far away from the cities and towns where banks and finance companies are really predatory, but it's not where Hayne looked.
In his letter Shorten said he noted that “government has agreed to some important legislative changes” arising from the commission. Rob Blakers/AAP

Shorten: we should legislate on Hayne recommendations before election

In a letter to Morrison, Shorten said both houses should be recalled on March 5-7 and March 12-14. The sitting calendar has only 10 sitting days before the election.
Canadian bank boards are bigger, much bigger. It means they can deal with what’s in front of them. Shutterstock

Pro tip for Australia’s banks: imagine you are in Canada

Evidence before the royal commission suggests Australian bank boards have been overpaid, underskilled and understaffed compared with those overseas.
The Deepwater Horizon disaster in April 2010 killed 11 workers and caused the greatest environmental disaster in US history. Banking regulators can learn from the penalities introduced to motivate executive interest in putting safety first. EPA/US Coast Guard/Handout

What banking regulators can learn from Deepwater Horizon and other industrial catastrophes

Banking executives have huge incentives to maximise profits at all costs. They need equally compelling incentives to do the right thing.
Too much or too little information? The role of a secretary is to get the balance right. Shutterstock

So what’s a secretary to do? Banking Royal Commission raises questions about what’s in minutes

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.

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