Articles on Financial services royal commission

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Treasurer Josh Frydenberg with Australian Securities and Investments Commission chair James Shipton. His new powers are imperfect, but they will help. Peter Braig/AAP

Fines that’ll hurt. ASIC’s powerful, if ill-fitting, teeth

Suddenly, ASIC is about to have real power. It'll be easier to get prosecutions and they will hurt, even if the law remains less than completely clear.
The Frank Gehry designed UTS business school, in Ultimo, Sydney. It is possible to teach ethics. Paul Miller/AAP

What are we teaching in business schools? The royal commission’s challenge to amoral theory

In trying to be values-free (like physics & chemistry), business schools have succeeded in justifying amoral behaviour. No more! We've seen the results in the Banking Royal Commission.
Ken Henry on ABC 7.30 Thursday night. “We have not been able to satisfy customer expectations, nor community expectations. As I said, for that, we are deeply sorry.” ABC

Defence mechanisms. Why NAB chairman Ken Henry lost his job

We get defensive when the social order we have become accustomed to is challenged. We attempt to protect ourselves through projection, denial, games, blame, or rationalisation.
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.

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