The government's bank reforms wouldn't have saved us a royal commission
- Written by Clinton Free, Professor, UNSW
APRA chairman Wayne Byres addresses parliament. AAPIn a bid to fend off the Financial Services Royal Commission, the government introduced the Banking Executives Accountability and Related Measures Act (BEAR) last October. This legislation comes into effect next week.
But it is questionable whether it would have prevented many of the excesses and...
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