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Topic: banking royal commission
How much will the royal commission end up costing the banks?

How much will the royal commission end up costing the banks?

A potential $1 billion refund request from ASIC will lead many to think the banks are being penalised. This is far from the case.

It’s time for a reckoning on FOFA

It’s time for a reckoning on FOFA

The major bank lobby group now wants to fix the Future of Financial Advice framework, but it was one of the major players in trying to water it down as much possible. It owes the community an apology.

Insurance companies confirm everything is hunky dory in insurance

Insurance companies confirm everything is hunky dory in insurance

The insurance industry is recycling an old defence used by the banks to ward off scrutiny — that its misconduct is the work of just a few bad apples. It will work about as well as it did for the banks.

Royal commission adds Howard, Costello to the banking hall of shame

Royal commission adds Howard, Costello to the banking hall of shame

The Hayne royal commission interim report is a missile fired at the neoliberal fantasy at the heart of financial services regulation in Australia.

‘Dishonesty and greed’: banking royal commission interim report leaves many questions

‘Dishonesty and greed’: banking royal commission interim report leaves many questions

The interim report of the banking royal commission has been released and as expected it is harsh on the banks, AMP and regulators.

Banking regulation has failed. Here’s how to fix it.

Banking regulation has failed. Here’s how to fix it.

A new kind of regulatory approach is needed for financial services, but whether the royal commission can recommend one isn't clear.

Time to shutter the life insurance crooks altogether?

Time to shutter the life insurance crooks altogether?

The behaviour of life insurance companies is egregious, and regulation won't fix it. Governments must step in and re-establish government insurance companies.

Hayne will become our most important banking inquiry since the 1970s

Hayne will become our most important banking inquiry since the 1970s

Kenneth Hayne and his royal commission will likely reshape financial services for decades to come.

Is anyone surprised by the skeletons in the insurance industry’s closet?

Is anyone surprised by the skeletons in the insurance industry’s closet?

Crikey readers respond to the dark dealings of the insurance industry and the moral fall of Aung San Suu Kyi.

Insurance proves every bit the horror show promised

Insurance proves every bit the horror show promised

The comprehensive failings of the insurance industry on display in the financial services royal commission demonstrate the need for much harsher penalties.