Last week, Commonwealth Bank announced the creation of a Blue Riband panel to “provide an additional layer of assurance for complex claim assessment and decision-making processes” at its troubled CommInsure…
The banking sector has problems, but a Royal Commission isn’t the answer.
AAP/Joel Carrett
Banks have had notice of these issues and failed to resolve them - it seems only fair that they should have to pay.
Financial System Inquiry chair and former Commonwealth Bank chief David Murray is party of a group of people calling for a legislated ‘objective’ of super.
Joe Carrett/AAP
The payday lending sector is under scrutiny again after the Australian Securities and Investment Commission’s investigation into Nimble. After failing to meet responsible lending obligations, Nimble must…
Banks must accept they can’t control the values, beliefs and behaviours of their employees.
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Sanders and Clinton have been trading blows over who’d be best to reform Wall Street, but new research suggests they may not have the ‘authority’ to do it.
ASIC Chairman Greg Medcraft and Commissioner Cathie Armour during a Senate Estimates hearing at Parliament House. Medcraft told the hearing ASIC must be a ‘model litigant’.
Mick Tsikas/AAP
The lack of transparency and accountability found in the hedge fund world is increasingly finding a home in the pharmaceutical sector, where more people care.
When banks fail, it’s customers that usually end up out of pocket.
Ronen Zvulun/Reuters
US regulators chose to reveal detailed information to the public about the state of the banks. They were able to be so transparent, without triggering a run, because of a strong fiscal backstop.
APRA’s recent review of bank capital found Australia’s banks are stronger than they appeared to be.
Mick Tsikas/AAP