Banks brace for overhaul ahead of royal commission report | Sky News Australia

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Australian banks are bracing for the biggest overhaul in generations, with the final report on the banking royal commission due to be released on Monday afternoon.

Source: News Formal (newsformal.com)

 

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Banking royal commission’s final report to be released | Sky News AustraliaThe royal commission’s final report into financial services will be released publicly on Monday. \n\nCommissioner Kenneth Hayne’s report will be handed down to the federal government on Friday, allowing the weekend to study and respond to the recommendations. \n\nThe timing is deliberately scheduled for the close of the ASX trading with expectations the recommendations will include a number of policy shifts that will affect the stock market. \n\nLabor has pledged to carry out all of the report’s recommendations. \n\nImage: News Corp Australia \n\n\n\n hold banks accountable, take or suspend their banking license, charge & jail the CEO's & boards. Its the only way to stop this criminal cartel behavior. Raising interest rates outside RBA movements or failing to pass on cuts, be a criminal offence NAB CommBank ANZ_AU Westpac
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Banking royal commission expected to be hard on regulators | Sky News AustraliaWhistleblower Jeff Morris says he believes the banking royal commission will be hard on regulators, after a senate committee in 2014 found that Australian Securities and Investments Commission (ASIC) was a ‘weak and hesitant’ regulator. \n\nMr Morris says that it is clear from the hearings of the royal commission that ASIC and Australian Prudential Regulation Authority (APRA) have been ‘missing in action’ regulators. \n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered. \n\n\n\n\n\n\n\n\n\n MichaelRoddan Will any be Liberal MPs MichaelRoddan There’s a big line up for the CDPP. By the time the next election they might have had one case.
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Banks furious over royal commission lock-out | Sky News AustraliaThe major banks have expressed concern after it was revealed they will not have access to the banking royal commission findings before they are released to the public. \n\nMembers of the media have been invited to attend a three-hour lock-up on Monday to read the report, but members of the banking industry have been restricted. \n\nBanking representatives fear members of their industry could discover they are being pursued for criminal charges through media articles. \n\nThe Opposition has also slammed the government for releasing the report on Monday, three days after it was first handed the findings. \n\n\n\n\n\n Good. So why would these criminals be any different to any other criminal identified in an inquiry. Still trying to live a life of privilege. I would be amazed if the BIG 4 don't already have a copy.
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EXPLAINER: What to expect from the banking royal commission report | Sky News AustraliaThere is no doubt that the royal commission has already changed the way banks and financial institutions operate in Australia, but recommendations in Kenneth Hayne's final report could force even greater change in the sector. \n\nYour Money Chief Business Reporter Leo Shanahan explains what to look out for when the report is released on Monday.\n\n\n\n\n\n YourMoneyAus _leo_s Control of Superannuation Funds to transfer to the Govt. We can all start feeling more confident about our future. YourMoneyAus _leo_s Look out for phrases such as ‘regulatory capture’ & ‘soft capture’ Regulatory bodies should be very worried especially ASIC & chairman James Shipton Financial institutions are only as good as the regulators who were all asleep at the wheel soaking up tax$ for weak oversight
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Expectations 'very high' for banking royal commission findings | Sky News AustraliaExpectations 'are very high' for the final report from the royal commission into financial services, which will be handed down on Monday afternoon. \n\nTreasurer Josh Frydenberg and his team have had the weekend to look over the report and read the commission's recommendations.\n\nFormer Labor MP Bernie Ripoll, who conducted the Financial Services Inquiry which was key in leading to the banking royal commission, told Sky News that he was 'annoyed and disappointed' that he would have to wait to the final report. \n\n\n\n\n\n AN 100% INDEPENDANT WATCHDOG That is well funded Has significant powers Can impose MASSIVE FINES that really will act as a deterrent Jail time for those who break the law. THIS IS THE ONLY SOLUTION THAT WILL WORK, GUARANTEED Anything less will only ensure more corruption auspol RBA use interest rates to manage inflation & economy. RBA moves interest rates in the national interest to either stimulate or reduce economic activity. BUT when banks HIJACK those interest rate movements for easy profit it must be treated as a criminal offence. billshortenmp
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Expectations 'very high' for banking royal commission findings | Sky News AustraliaExpectations 'are very high' for the final report from the royal commission into financial services, which will be handed down on Monday afternoon. \n\nTreasurer Josh Frydenberg and his team have had the weekend to look over the report and read the commission's recommendations.\n\nFormer Labor MP Bernie Ripoll, who conducted the Financial Services Inquiry which was key in leading to the banking royal commission, told Sky News that he was 'annoyed and disappointed' that he would have to wait to the final report. \n\n\n\n\n\n JaneMarwick Who the fuck is Jane Marwick? JaneMarwick Except they’ll be more than likely backed by GetUp JaneMarwick They’re closet Green/Lefties.
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