Banking

On the first anniversary of the findings of the banking Royal Commission into misconduct, what’s actually being done and will it help our financial wellbeing?

Trust in our financial services has been shaken by scandals, but in a new white paper, FinFuture, researchers show how the system can be reformed to put financial wellbeing front and centre.

We don’t really know how social media posts are being used or evaluated by banks. We need greater transparency around exactly how our data will be used and the ability to challenge decisions

The major parties all have election policies that respond to the misconduct uncovered in Australia’s financial services sector, but they are light on detail

With 76 recommendations, Commissioner Ken Hayne’s final report into the Australian financial services industry provides a roadmap to hold the sector to account, especially for the ‘fees for no service’ scandal

There is an important but poorly understood relationship between New Zealand’s banks and the Australian taxpayer that highlights the need for more stringent regulation around the Big 4’s ‘too big to fail’ guarantee

Reforming Australia’s banking sector can only strengthen a Financial Services Industry that’s already suffering from a deficit of trust

Indifference and disregard for the rule of law in Australia requires a firmer hand and tougher penalties

Some think that removing humans from financial transactions may help prevent moral failures, but technology isn’t necessarily ethical

Tainted by rogue traders, scams and trust-eroding scandals, does culture lie at the heart of banking’s negative reputation?