Posts tagged "Australian Banking Royal Commission"

The promotion of an AMP executive who sexually harassed a female subordinate has sparked outrage among staff and clients.

Kenneth Hayne’s inquiry will help clean up the financial services industry, but there is an economic downside that no-one saw coming.

Treasurer Frydenberg has issued a timetable for the government’s dealing with the recommendations from the royal commission into banking.

ASIC has given a partial tick of approval to proposed changes to how small businses banking is regulated, but more controversial changes remain in question.

Fast, customer-focused technology, delivered at a fraction of the build cost — that’s the promise of the new evolution of life in the banking industry.

The professional behaviour of staff needs to be monitored closely — much more closely than it is in most businesses today.

The ABA has refused to commit to changing the definition of small business in the banking industry code, outlining concerns about small-business lending.

A major betrayal in trust takes time and effort to repair. Therefore, restoring trust needs to be the highest priority for the finance industry.

In the wake of the royal commission report, the banks’ share prices surged, as almost $20 billion was added to the value of the big four.

The banking royal commission has stopped short of advocating broad changes to SME lending, prompting criticism it has not gone far enough.

The banking royal commission's final report will have credit implications for small business amid scrutiny over the industry code of conduct.

By Louise Metcalf, Macquarie University

Appearing before the banking royal commission, the newly appointed head of the Commonwealth Bank,…