Attack banker pay, not credit flow
The danger entering election season is that politicians try to outdo each other by layering sweeping regulations on banks that constrict credit flow to households and business
Big banks face remuneration revolution
The Finance Sector Union will renew a push to remove all financial measures out of "balanced scorecards".
Wealth industry needs an overhaul
Kenneth Hayne looks open to banning grandfathered commissions and the separation of banks and wealth. He should also consider a new licensing regime for advisers.
Tighter credit standards to push house prices lower
UTS Business School industry professor and former ANZ chief economist Warren Hogan said that tighter credit standards have already had an impact on the market.
Lack of clarity on bank lending duties could crimp credit
Everyday borrowers could struggle to get bank loans unless the corporate regulator tells banks how to lend responsibly.
Hayne raises new regulator idea
Buried in the 1000-page report is a reference to a "financial regulator assessment board" recommended by former banker David Murray in his review of the financial system.
Can Daniel Crennan save ASIC?
He wants to catch dishonest directors, enforce more civil penalties and get the court process up to speed, all in two years' time.
Time to start again with wealth sector
This is not simply a question of culture or conduct. It may be this sector needs to be broken down and rebuilt before the community can trust it again.
Hayne exposes bankers' Shangri-La
For institutions seeking to maximise profits, Australia has been a virtual nirvana, with banks able to take customers' money without being entitled to it.
Hayne's radical shake-up for banker pay
Like many before him, Commissioner Hayne was quick to identify an overwhelming motivation: greed.
Has Hayne hurt house prices even more?
House prices have fallen 1.4 per cent since the royal commission started in March, now they are expected to fall further.
Broker commissions add to misconduct
Upfront and trailing commissions paid to mortgage brokers by lenders are making the home loan market more risky, the royal commission said in its interim report.
Banks' tech 'errors' are contract breaches
IT failings can be serious misconduct because they show banks unable to adhere to contractual promises, the interim report has found.
Banks, regulators feel wrath of Hayne
Royal Commissioner Kenneth Hayne has skewered greedy banks and lazy regulators in his three volume interim report released on Friday afternoon.
Brutal interim volley but little action
The sheer brutality of Commissioner Kenneth Hayne's interim report is what hits you first. But those seeking a list of urgent actions will be disappointed.
Regulator failure in its cosiness with the banks
The greed exposed by the banking royal commission has largely been laid at the feet of the corporate regulator for being too cozy with the banks and failing to take them to court.
Fleet Labor opens fire on Morrison
Ever since Scott Morrison replaced Malcolm Turnbull, Labor has been struggling to find the right line and length with the new Prime Minister.
Banks urged to verify expenses
Consumers may find it harder to get loans and credit cards after Hayne called on banks to verify the expenses of applicants.
An end to default interest for struggling farmers
Royal commissioner Kenneth Hayne has raised the prospect of other big banks following NAB and scrapping default interest payments for rural customers affected by drought.
No new regulation for business lending
Business lending is highly unlikely to face calls for tougher regulation in the final report of the royal commission.
