Australia’s Banking Royal Commission has uncovered countless stories of greed and illegal behaviour in the country’s financial sector, and has revealed a deeply ingrained corporate culture within the country’s banks. The Commission’s interim report was released on 28 September, and it poses 693 policy-related questions, chief among them “why did it happen?” and “what can be done to avoid it happening again?”

This week on The Brief, Tracey Mylecharane delves into the causes and consequences of the Banking Royal Commission, and weighs the chances of effective financial reform. 

Tracey Mylecharane is a Lecturer at the ANU College of Law, specialising in regulation within the Australian Financial System and corporate culture in the banking sector. She sits on the academic committee of the Banking and Financial Services Law Association, and prior to joining ANU worked in the legal practice for 12 years.

Edwina Landale is the presenter of The Brief. She is a student of Politics, Philosophy, and Economics at the ANU.

Show notes | The following were referred to in this episode:

ASIC Enforcement Review

Inquiry into the Post-GFC Banking Sector

Inquiry into Financial Products and Services in Australia

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This episode of Policy Forum Pod was written and produced by Edwina Landale.

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