If you work in the financial services sector listen up; you could be next on the federal government's hit list.
Canberra is pushing ahead to legislate its Banking Executive Accountability Regime by October, where senior managers within banks are held personally accountable for their actions and those of their staff, should something in their area go wrong. It's a significant shift from corporate accountability to individual accountability.
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Anne Hyland is an award-winning writer and a senior correspondent for The Sydney Morning Herald and The Age. She was previously deputy editor of Good Weekend and has worked for The AFR and as a foreign correspondent. Connect with Anne on Twitter. Email Anne at ahyland@smh.com.au
