In choosing not to impose restrictions on bonuses and commissions, the government left untouched the incentives for inappropriate financial advice and lending decisions.
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Parliamentary hearings reveal a lot of confusion between government, regulators and industry around banking regulation. This needs to be fixed.
New banking legislation hopes to hold executives accountable, but there weren’t good signs at the latest parliamentary committee meeting.
While the government hopes its new regulation will rein in the banks, it’s unlikely to do so.
The new banking regulations undermine the existing system, confusing regulators and achieving very little.
Bear-man conflicts have made news in the Alps but history tells a story of a possible cohabitation.
Top contributors
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Senior Research Scholar, Max Planck Institute for the History of Science
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Industry Fellow, Corporate Governance & Senior Lecturer, Swinburne Law School, Swinburne University of Technology
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Academic Director, Executive Education, Business School, University of Sydney
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Lecturer, UNSW