Posts tagged "Royal commission interim report"

Treasurer Frydenberg has asked the ACCC to do another inquiry into the banks' pricing practices, and there are four questions it ought to be asking.

The ACCC has been directed to launch a mortgage pricing inquiry that will examine barriers for consumers looking to ditch the big banks.

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.

Mortgage brokers say they are encouraged by a coalition backflip on trail commissions and are urging Labor to follow suit.

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

While there are always bad apples in every industry, removing commissions would be a blunt instrument with plenty of downsides.

Regulators are on notice to support changes to the banking code as SME lending looks to a brighter 2019 following the royal commission.

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,…