Yes this would be a huge step forward, but the devil is in the detail (or the lack thereof).
Crikey readers discuss the Morrison government's response to the royal commission, what Hayne missed, and the fate of interest rates in 2019.
Good morning, early birds. Labor is seeking an inquiry into the potential leaking of the banking royal commission report, and Home Affairs comes out swinging against Kerryn Phelps' medical evacuation bill. It's the news you need to know, with Chris Woods.
Kenneth Hayne failed to tackle the structural flaws of the financial industry in his royal commission recommendations. This is what he should have suggested.
If the Liberals hadn't been so determined to protect their big bank and financial adviser mates, much of the "fees for no service" scandal of recent years would never have occurred.
Kenneth Hayne's retention of the current consumer protections for financial services will guarantee a repeat of ASIC's failings for a long time to come.
Good morning, early birds. Media, political, and banking industry figures are reacting to the recommendations offered in Kenneth Hayne's landmark banking royal commission report, and Tasmania's long-burning bushfires look set for relief with rain predicted later this week. It's the news you need to know, with Chris Woods.
Good morning, early birds. Scott Morrison is urging careful responses to the banking royal commission's final report, and officials have revealed that ADF personnel were involved in the deaths of up to 18 civilians in a 2017 incident in Iraq. It's the news you need to know, with Chris Woods.
After publicly confirming the massive underperformance of retail super funds, the Liberals then unwittingly set the scene for an exposure of the rorts that riddled the sector — all in the name of attacking industry super funds.
The Hayne royal commission interim report is a missile fired at the neoliberal fantasy at the heart of financial services regulation in Australia.