All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 November Tackling corporate culture Tackling corporate culture ΓÇô a fresh and timely focus for regulators 19/11/2020 | 6 MINS Edition | Lessons from the Banking Royal Commission for the COVID-19 world Shamit Saggar* takes a closer look at the role of regulators in addressing some of the challenges in holding corporations accountable for misconduct that were identified by the Royal Banking Commission, and how their toolkit needs to evolve to stay fit for purpose. Australia has now been grappling with the fallout from the Hayne Financial Services Royal Commission for a year and a half. Arguments have raged about whose job it is to put consumers in the best position possible. At the heart of the dispute has been a widely divergent claim about the role of the regulator. Ordinarily, we think that regulatorsΓÇÖ role is to ensure clean and orderly markets that deliver adequate consumer protection. But this may be insufficient when the features and practices of a market are so heavily stacked against the interests of ordinary consumers. For fina
All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 November Tackling corporate culture Tackling corporate culture ΓÇô a fresh and timely focus for regulators 19/11/2020 | 6 MINS Edition | Lessons from the Banking Royal Commission for the COVID-19 world Shamit Saggar* takes a closer look at the role of regulators in addressing some of the challenges in holding corporations accountable for misconduct that were identified by the Royal Banking Commission, and how their toolkit needs to evolve to stay fit for purpose.
Australia has now been grappling with the fallout from the Hayne Financial Services Royal Commission for a year and a half.
Lombok Institute of Technology
Arguments have raged about whose job it is to put consumers in the best position possible.
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At the heart of the dispute has been a widely divergent claim about the role of the regulator.
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Ordinarily, we think that regulatorsΓÇÖ role is to ensure clean and orderly markets that deliver adequate consumer protection.
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But this may be insufficient when the features and practices of a market are so heavily stacked against the interests of ordinary consumers.
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