Pitch Engine
The Times Real Estate

.

'Do no harm' isn't enough. Why the banking royal commission will ultimately achieve little

  • Written by Kevin Davis, Professor of Finance, University of Melbourne
'Do no harm' isn't enough. Why the banking royal commission will ultimately achieve little

Will the banking services royal commission have a lasting effect of improving the banking and financial sector? The answer is “no”. A temporary change is apparent, but the problems lie deeper than those addressed by the royal commissioner.

The worldwide pervasiveness of financial sector misconduct is an indication.

This is not a...

Read more: 'Do no harm' isn't enough. Why the banking royal commission will ultimately achieve little

More Articles ...

  1. Their biggest challenge? Avoiding a recession
  2. What I learned from Bob Hawke: economics isn't an end itself. There has to be a social benefit
  3. It's the only way to save Australia from a deep hole, but innovation policy is missing in action
  4. Shock. More investment isn't necessarily better. Those instant asset write-offs are bad tax policy
  5. Real estate agents targeting tenants is the lowest of the low blows during election 2019
  6. Cutting penalty rates was supposed to create jobs. It hasn't, and here's why not
  7. Danger. Election 2016 delivered us Robodebt. Promises can have consequences
  8. Labor's idea of an Evaluator General could dramatically cut wasteful spending
  9. At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?
  10. Small, but well-formed. The new home deposit scheme will help, and it's unlikely to push up prices
  11. The next government can usher in our fourth decade recession-free, but it will be dicey
  12. The brutal truth on housing. Someone has to lose in order for first homebuyers to win
  13. That election promise. It will help first home buyers, but they better be cautious
  14. Trick question: who's the better economic manager?
  15. Labor's costings broadly check out. The days of black holes are behind us, thankfully
  16. Egging the question: can your employer sack you for what you say or do in your own time?
  17. Giving workers a voice in the boardroom is a compelling corporate governance reform
  18. Mine are bigger than yours. Labor's surpluses are the Coalition's worst nightmare
  19. Unions do hurt profits, but not productivity, and they remain a bulwark against a widening wealth gap
  20. Confirmation from NSW Treasury. Labor's negative gearing policy would barely move house prices
  21. There's nothing unfair about dividend imputation -- it refunds tax that shouldn't have been paid
  22. It's hard to find out who Labor's dividend imputation policy will hit, but it is possible, and it isn't the poor
  23. 5 tips on how to be a good mentor to someone twice your age
  24. Bill Shorten's promise of a living wage is both realistic and necessary. But it's not enough.
  25. On rate-cut Tuesday, here are four reasons why the Reserve Bank shouldn't jump
  26. After a dark decade for Australia's regional newspapers, a hopeful light flickers
  27. Why Labor's childcare policy is the biggest economic news of the election campaign
  28. Why the Reserve Bank shouldn't (but might) cut interest rates on Tuesday
  29. What a local newspaper means to a regional city like Newcastle
  30. Vital Signs: policies come and policies go, but surely we shouldn't be subsidising inheritances
  31. $20 billion per year. That's how much higher superannuation could take from wages
  32. Blockchain can help break the chains of modern slavery, but it is not a complete solution
  33. It's time to vote for happiness and well-being, not mere economic growth. Here's why:
  34. How 'flags of convenience' have shrunk Australia's merchant fleet
  35. Are too many corporate mergers harming consumers? We won't know if we don't check
  36. How the decision to paywall NZ's largest newspaper will affect other media
  37. The newest election faultline isn't left versus right, it's young versus old -- and it's hardening
  38. It's the luxuries that give it away. To fight corruption, follow the goods
  39. Election tip: 23.9% is a meaningless figure, ignore the tax-to-GDP ratio
  40. Labor's crackdown on temporary visa requirements won't much help Australian workers
  41. Vital signs. Zero inflation means the Reserve Bank should cut rates as soon as it can, on Tuesday week
  42. House prices and demographics make death duties an idea whose time has come
  43. Media Files: Investigative journalist Adele Ferguson on the 'disappointing' banking royal commission and how she works with whistleblowers
  44. The budget's dirty secret is the hikes in tax rates you're not meant to know about
  45. Vital Signs: the 'ball-tampering' budget trick they don't want you to know about
  46. The IKEA effect: how we value the fruits of our labour over instant gratification
  47. Constructively tough? Neither side has committed to fully adopting perhaps the most important recommendation of the banking royal commission
  48. Grattan Orange Book. What the election should be about: priorities for the next government
  49. Your income tax questions answered in three easy charts: Labor and Coalition proposals side by side
  50. Memories. In 1961 Labor promised to boost the deficit to fight unemployment. The promise won