Friday, October 3, 2025
POLITICS

The prime minister is wrong to pretend that it’s the economy’s loss if high-income earners have less money to spend

At a time when the number of people studying economics is at a record low, the number of politicians citing economics 101 seems to be at a record high. Take our current prime minister,...
Bob Lee -
POLITICS

After previous failures, doubts linger over the ability of APRA and ASIC to lift their game

Doubts have been raised whether the nation’s two peak financial regulators will be able to sharply lift their efforts after the banking royal commission recommended they take more strong-arm action while facing extra oversight...
Bob Lee -
POLITICS

Hayne’s failure to tackle bank structure means that in a decade or so another treasurer will have to call another royal commission

Hayne’s failure to tackle bank structure means that in a decade or so another treasurer will have to call another royal commission Andrew Linden, RMIT University and Warren Staples, RMIT University Every 10 to 15 years...
Bob Lee -
POLITICS

Compensation scheme to follow Hayne’s indictment of financial sector

Compensation scheme to follow Hayne’s indictment of financial sector Michelle Grattan, University of Canberra The Morrison government has promised to establish a compensation scheme of last resort - paid for by the financial services industry -...
Bob Lee -
POLITICS

Banking Royal Commission: no commissions, no exemptions, no fees without permission. Hayne gets the government to do a U-turn

Banking Royal Commission: no commissions, no exemptions, no fees without permission. Hayne gets the government to do a U-turn Peter Martin, The Conversation Treasurer Josh Frydenberg was glossing over history when he said the final...
Bob Lee -
POLITICS

Yes, Kenneth: Coalition response to banking inquiry is pure politics

The government hopes to neutralise the shocking royal commission evidence by accepting everything Kenneth Hayne recommended In political terms, it’s blindingly obvious why. A federal election is in sight. The Coalition is vulnerable on this...
Bob Lee -
POLITICS

Key Points and Recommendations from Royal Commission into Banking Misconduct

Kenneth Hayne’s report into the banking and financial services industry makes 24 referrals to the regulators Asic and Apra to take action over misconduct. It also made 76 recommendations for how the problems can be...
Bob Lee -
BUSINESS

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

The evidence to emerge from the royal commission's grilling of the heads of Australia's biggest banks revealed a failed culture that paid staff highly and an underfunded regulator that failed to to hold them...
Bob Lee -
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