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Banking royal commission should be paid for by banks

Journal Article


Abstract


  • There are cultural and ethical malpractices prevalent in Australian banks which our regulations do not address, and which our regulators have struggled to contain. Those malpractices appear to be spreading, and our banks have failed to act meaningfully. The potential effects can be dire, so we need to find solutions. The Financial System Inquiry failed to address the problem. A royal commission would.

Publication Date


  • 2016

Citation


  • A. Schmulow, 'Banking royal commission should be paid for by banks' (2016) 12 April The Conversation 1-4.

Number Of Pages


  • 3

Start Page


  • 1

End Page


  • 4

Volume


  • 12 April

Place Of Publication


  • Australia

Abstract


  • There are cultural and ethical malpractices prevalent in Australian banks which our regulations do not address, and which our regulators have struggled to contain. Those malpractices appear to be spreading, and our banks have failed to act meaningfully. The potential effects can be dire, so we need to find solutions. The Financial System Inquiry failed to address the problem. A royal commission would.

Publication Date


  • 2016

Citation


  • A. Schmulow, 'Banking royal commission should be paid for by banks' (2016) 12 April The Conversation 1-4.

Number Of Pages


  • 3

Start Page


  • 1

End Page


  • 4

Volume


  • 12 April

Place Of Publication


  • Australia