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Topic: banking royal commission
Where can the Tories possibly go from here?

Where can the Tories possibly go from here?

Crikey readers discuss Theresa May's leadership, Scott Morrison's anti-corruption fail and the continued cluelessness of banking elites.

Westpac AGM shows how clueless business elites are 

Westpac AGM shows how clueless business elites are 

Westpac's board was utterly clueless about why shareholders were unhappy with its plan for massive executive bonuses. So are the other banks.

The useless apologies of the banking royal commission

The useless apologies of the banking royal commission

As the "sorry" pageant rolls on, we have to remember the physical impossibility of apology in the mind of something not living.

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.