The government doesn’t need to extend jurisdictions, or boost enforcement powers to prosecute corporations that have behaved dishonestly. The law for prosecution is there already.
Academic rigour, journalistic flair
Articles on Banking royal commission
Displaying 41 - 60 of 119 articles
Complaints that Hayne didn’t recommend big changes miss the point.
Deep Saini speaks with Michelle Grattan about the week in politics.
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.
In a statement late Thursday, NAB said Thorburn would finish at the end of this month while Henry would leave the board once a new CEO had been appointed.
American fantasy-comedy The Good Place has covered some surprisingly similar ground to Australia’s banking royal commission.
It’s far away from the cities and towns where banks and finance companies are really predatory, but it’s not where Hayne looked.
Bank shares soared 4% to 7% after the royal commission report. That could be because it will do them little harm.
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.
Michael McCormack on banks and the bush, and the election battle
CC BY38.1 MB (download)
Acknowledging the big challenges ahead for the Nationals at the election, he told The Conversation he is "not going to write Cowper off yet".
While many Hayne’s recommendations are laudable and abolutely necessary, they are not sufficent to end of the regular cycle of appalling misconduct and inquiries.
Tying incentives to contribute to profits can give bad results, but we need to tie them to something.
Justice Hayne’s philosophy is diametrically opposed to the one the Coalition came into office with, yet it has embraced it and announced action.
The Morrison government has promised to establish a compensation scheme paid for by the financial services industry as it seeks to avoid damage from the banking royal commission.
Rebuilding trust is possible, but as the aftermath of the banking crisis in the UK shows, very difficult.
Evidence before the royal commission suggests Australian bank boards have been overpaid, underskilled and understaffed compared with those overseas.
The royal commission didn’t examine economic abuse. If it had it would have found there’s much banks can do.
Banking executives have huge incentives to maximise profits at all costs. They need equally compelling incentives to do the right thing.
Research on bankrupts illustrates the contrasting financial fortunes of older Australians.
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.
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