The intractable maths of low income earners' family budgets pushes them towards the marginal credit products such as payday loans, consumer leases and debt management firms. This report argues that government can and should improve the terms under which these products are offered.

ASIC has provided this update on its planned actions in relation to the recommendations of the report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

They are highly effective at exposing wrongdoing, but do they influence policy development? A two-stage approach might be more effective, say the authors.

Kenneth Hayne has shown the way ahead for government, regulators and the banks themselves, writes Tim Colebatch.

The central task of the Royal Commission was to inquire into and report on whether any conduct of financial services entities might have amounted to misconduct and whether any conduct, practices, behaviour or business activities by those entities fell below community standards and expectations. The inquiry has found that very often, the conduct has broken...