Journal article

The Hayne royal commission and trust issues in the regulation of the Australian financial sector

George Gilligan

LAW AND FINANCIAL MARKETS REVIEW | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | Published : 2018

Abstract

The issue of how trustworthy Australia’s financial institutions, especially its banks are, has been an increasingly controversial issue in recent years as a succession of financial scandals engulfed many of the financial sector’s most significant players. A recurring theme in debates about Australia’s financial sector has been concern about weak enforcement of existing laws and regulation. Criticism has been directed at all of Australia’s financial regulators, but especially the market conduct regulator, the Australian Securities and Investments Commission (ASIC). After spending years resisting intense pressure from many segments of the community, (including some of its own backbenchers), to..

View full abstract

University of Melbourne Researchers