Organisation

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

Alternate Name
Financial Services Royal Commission
Description

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was established on 14 December 2017 by the Governor-General of the Commonwealth of Australia, His Excellency General the Honourable Sir Peter Cosgrove AK MC (Retd).

The Governor-General issued Letters Patent which formally appoint the Royal Commissioner and outline the Terms of Reference for this inquiry.

The Commissioner, the Honourable Kenneth Madison Hayne AC QC, is authorised to submit an interim report no later than 30 September 2018, and will provide a final report by 1 February 2019.​

Items authored

Report

28 Sep 2018

The Commission’s work, so far, has shown conduct by financial services entities that has brought public condemnation. Some conduct was already known to regulators and the public - some was not. Why did it happen? The answer seems to be greed – the pursuit of...

Briefing paper

28 Aug 2018

The purpose of this paper is to discuss some of the factors that influence how insurers provide general and life insurance to consumers to assist consumers manage risk. It also discusses the size and composition of the general and life insurance industries, and the main...

Briefing paper

24 Jul 2018

This paper considers the superannuation system from the consumer (or member) perspective, discussing how a consumer enters the superannuation market, interacts with superannuation fund trustees and accesses their superannuation at retirement.

Briefing paper

21 Jun 2018

This paper provides information on the interactions of Aboriginal and Torres Strait Islander people with financial institutions, including banks, insurers and superannuation funds.

Items published

Technical report

14 Nov 2018

This technical paper, requested by the Royal Commission, examines aspects of the regulation of financial product and service providers in the United Kingdom, the Netherlands, New Zealand and the United States.

Report

7 Nov 2018

This research paper argues that any proposed policy action to manage conflicts of interest should ideally undergo further testing in the field in which it will be implemented to assess the likely real-world impact. This would improve the design of the policy and monitor the...

Report

28 Sep 2018

The Commission’s work, so far, has shown conduct by financial services entities that has brought public condemnation. Some conduct was already known to regulators and the public - some was not. Why did it happen? The answer seems to be greed – the pursuit of...

Briefing paper

28 Aug 2018

The purpose of this paper is to discuss some of the factors that influence how insurers provide general and life insurance to consumers to assist consumers manage risk. It also discusses the size and composition of the general and life insurance industries, and the main...

Briefing paper

28 Aug 2018

At the request of the Royal Commission, this paper discusses recent and prospective reforms affecting the general and life insurance sectors. Many of the reforms enhance ASIC’s oversight and capacity to intervene in the industry.

Items associated

Other text

1 Dec 2017

This document presents the Draft Terms of Reference for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

Items authored

15

Items published/produced

34

Associated content

1