Australian Prudential Regulation Authority: The History, Criticisms and Challenges of a Risk Regulator
Australian regulation of financial services has had a checkered history. The recent Hayne Royal Commission has made a number of recommendations to enhance the Australian Prudential Regulation Authority. This article explores the origins and criticisms of two royal commissions and discussessome of the challenges ahead for the risk regulator.
Australia's proposed Banking Executive Accountability Regime: Regulatory panopticon or fail-safe?
It is difficult to ignore the widespread concern over the corporate culture of Australia's banking industry. This growing concern has led to close scrutiny of banks and subsequently triggered the Australian Securities and Investments Commission (ASIC) to regulate what it deems as bad corporate culture.
Regulating conduct of financial institutions in Australia: Is culture the new frontier of regulation?
The Australian Securities and Investment Commission (ASIC) aims to regulate poor corporate culture in the financial services industry. This article critically analyses the regulator’s ongoing statements about corporate culture of financial institutions. Unlike the UK, Australia has not legislated or implemented any regulation to address the issues. The following research will offer insight to regulatory solutions.