Source: News Formal (newsformal.com)
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
YourMoneyAus _leo_s Control of Superannuation Funds to transfer to the Govt. We can all start feeling more confident about our future.
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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.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Major reforms expected after Banking Royal Commission | Sky News AustraliaA final report into the Banking Royal Commission will be handed over to the Governor General on Friday ahead of its public release on Monday. \n\nIn response to the findings, Royal Commissioner Kenneth Hayne is expected to make major reforms to the banking, superannuation and financial services sectors. \n\n\n\n\n\n\n Bowenchris Blah blah blah Bowenchris Bill Shorten can be trusted to send us all broke. Everyone hated him a year ago why would you vote him. ethics?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Cormann coy on banking royal commission report leaks | Sky News AustraliaFULL INTERVIEW: Finance Minister Mathias Cormann has played coy on whether there could be any leaks prior to the release of the banking royal commission report.\n\nMr Cormann says the report will be released after markets close on Monday and argues the timing of the release is an adequate and responsible amount of time and will be handled in an appropriate way given the nature of the report.\n\nThe government says its focus is on protecting the consumer before the economy.\n\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Govt receives banking royal commission report | Sky News AustraliaThe federal government has received the royal commission’s final report into financial services after 69 days of hearings. \n\nThe government will hold the report until Monday to assess all the recommendations. \n\nOpposition Leader Bill Shorten has slammed the government over its delay in making the findings public. \n\n\n\n TheIPA evmulholland TheIPA evmulholland Problem with the banks is 'They're not afraid of the regulators'. Why? Because they've had the guts ripped out of them by LNP governments. Another LNPfail Auspol
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Banking royal commission report a ‘damning indictment’ of govt: Bowen | Sky News AustraliaShadow Treasurer Chris Bowen says the banking royal commission’s final report will be a ‘damning indictment’ of the Coalition government and its senior figures, despite not having seen it himself.\n\nThe government only agreed to the enquiry following significant pressure including those in the banking industry.\n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered.\n\n\n RichardDiNatale This ////// Did nothing in a Labor-Green Govt 2007-13 17 inquiries into the banks since the GFC 2008. Greens did Nothing in Govt with Labor Greens ina mess skynews auspol
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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
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Banking royal commission could spark market chaos: Treasurer | Sky News AustraliaThe Treasurer has warned releasing the findings of the banking royal commission report could spark market chaos if it is released too early.\n\nThe Opposition has accused the government of stalling after it announced it would wait three days before releasing the report.\n\n\n\n\n\n\n BernieRipoll Funny is not a racist word of the country where can the holy journey be free from problem that have problem occur first see what trip are present
Source: SkyNewsAust - 🏆 7. / 78 Read more »
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
Source: SkyNewsAust - 🏆 7. / 78 Read more »
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.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
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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