Conditional superannuation which can we withdrawn years after bankers retire might be the best way to get them to do the right thing.
First up before the Royal Commission on Monday will be the chief executive of the Commonwealth Bank. The era of the big four banks might be ending.
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Parallels in the historical trajectory of AMP and IOOF are striking. Both were founded in the 1840s. Both demutualised, and now both find themselves centre stage at the banking royal commission.
The collapse of a royal commission witness provided a reminder of the stark differences between financial services and health services when it comes to caring for customers.
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The financial services industry is in need of a new paradigm to rediscover what finance is for – to improve the financial and economic well-being of society.
ASIC boss James Shipton has signalled a shift to more vigorous enforcement and Treasurer Scott Morrison has bolstered the regulator’s funding to enable this.
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Putting regulators inside corporations isn’t new, and the US experience highlights risks of regulatory capture, but the move could make a difference if ASIC is shifting to more robust enforcement.
Life insurer Let’s Insure trained its staff to use customers’ fear of loss to drive sales.
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We are seeing widespread financial exploitation because of cultural, economic and political factors that haven’t been addressed. Regulators should do more.
Bob Katter leads a group of farmers out of the royal commission hearing in Brisbane.
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A number of factors have contributed to the horrible stories coming out of the Royal Commission, including market instability and the financialisation of farming.