The Federal Court has all but made it illegal for insurance companies to dig for dirt and exploit the practice of retrospective underwriting.
The National Consumer Credit Protection Amendment bill goes against two explicit recommendations of the banking royal commission.
Economic circumstances do not justify the federal government's rejection of the banking royal commission's recommendations.
It was one of only two recommendations the government rejected.
ASIC is passing up opportunities to prosecute, all the more so in this 'very different economic environment'.
Former Commonwealth Bank chief David Murray promised to restore AMP's reputation. He was never the right executive for the job.
AMP's handling of sexual harassment charges shows its culture is still rotten.
Businesses are reluctant to invest, but that might be because they know what they are doing.
The number one commandment of the anti money laundering law is "Know your customer". AUSTRAC is alleging Westpac didn't, and didn't seem to want to.
It's no wonder corporate wrongdoing occurs when the profits from wrongdoing outweigh the costs of being caught and punished.
The Rugby World Cup an tell us a lot about banking.
Evidence for the prime minister's contention that the banks are "profiteering" is thin on the ground.
The failure of regulators to take decisive action against errant companies is an unintended consequence of the design of 'responsive regulation'.
Australia's top scientist Alan Finkel says too many poor quality research papers are being published in Australia, and the system may inadvertently encourage academics to behave badly.
Outcomes are what matter for customers. The new Banking Code of Conduct doesn't go near them.
"Balanced scorecards", of the kind countenanced by the Australian Prudential Regulation Authority, are inherently unbalanced.
People expect financial institutions to serve them better in the wake of the royal commission. There's reason to believe they won't, for long.
Investigative journalist Adele Ferguson on the ‘disappointing’ banking royal commission and how she works with whistleblowers.
The Conversation51.9 MB (download)
Today on Media Files, it's journalism versus the big banks. We're hearing from Adele Ferguson, the celebrated journalist who many credit as the driving force behind the banking royal commission.
The government has agreed to create an independently-chaired body to report on the performance of ASIC and APRA, but it hasn't said its reports will be made public.
There's concern that paying upfront for the services of mortgage brokers would frighten customers away. But it needn't, if they provide good service and explain what are charging for.