Robo-loan ‘cost me my home and all my assets’ Robo-loan ‘cost me my home’
A sole parent with an eight-year-old son lost her Perth home over a bank loan gone wrong.
Bank Inquiry
Policy sold to Down syndrome son
Treasurer Josh Frydenberg has recalled a specific story that stood out from the shocking victim testimonies.
What it means for key players in new and old order
The newish chair of the corporate regulator will be under pressure to ensure the public sees companies being taken to court.
Shake-up to end fee drain
The $2.7 trillion superannuation sector will undergo a radical transformation under the Hayne recommendations.
Too little, too late for broker victims Too little, too late for victims
‘What the commission heard about people losing their homes or their farms was just the tip of the iceberg.’
Conflicts of interest ‘need elimination’
Nationals senator Barry O’Sullivan said he would have liked to see the break up of the banks from their financial planning arms.
Bank greed deemed ‘criminal’
Kenneth Hayne recommends criminal charges against three financial institutions and asked for probes into 15 more.
Bill to hit $1bn for ASIC’s new teeth Blowing the budget to give ASIC more teeth
The government could be on the hook for up to $1 billion to properly fund the corporate watchdog.
APRA nobbled, ASIC in charge
The prudential watchdog has had its powers nobbled in a comprehensive review of the ‘twin peaks’ regulatory model.
Dignity and distance transform moral rules
Hayne has effectively changed the ground rules for company boards and corporate advisers says ethicist Simon Longstaff.
Banks could still behave badly
In leaving banks to continue ‘vertical integration’ — where they try to be one-stop shops — the risk of bad behaviour has by no means been eliminated.
Hayne: the main points
At a glance | These are the Hayne royal commission’s key recommendations.
Call to ban trailing commissions
Recommendations to cut commissions for mortgage brokers and financial advisers will send shockwaves through industry.
Structural shake-up falls short
The royal commission makes all the right noises about wrongdoing, but misses the mark over deeper reforms.
Banks will breathe easy
Some serious reforms are coming down the line, just not for banks.
Government backs compo scheme, reforms
Morrison government agrees to conditionally back 76 of Hayne’s recommendations, including new consumer compensation scheme.
NAB’s Thorburn, Henry lashed
Hayne takes aim at NAB, saying he fears a ‘wide gap’ between the public face of the bank and what it does in practice.
Super default fund shake-up
Banking royal commission calls for end to industry-linked default fund rules that has created multiple accounts.
Royal commission calls for criminal charges
Two Australian financial institutions will face criminal charges, while 10 companies will be referred for further investigation.
The seeds of a banking disaster
The switch to a hard-selling culture helped prime the powder keg of problems now wreaking havoc in the financial sector.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/8