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Financial Services Royal Commission

Financial Services Royal Commission

Analysis and insights on key implications of the Royal Commission for the financial services sector.

Analysis of key implications of the Royal Commission for the financial services sector.

The Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released on Monday 4 February 2019.

This report will drive significant transformation in financial institutions including operating models, product design, customer interaction, governance, remuneration and risk management. Businesses impacted include banks, mortgage brokers, wealth managers, insurers, superannuation funds and financial advisors.

The Commission’s work has four clear observations:

  • the connection between conduct and reward
  • the asymmetry of power and information between financial services entities and their customers
  • the effect of conflicts between duty and interest
  • holding entities to account.

The Commission sets out its final recommendations and findings about the Australian banking and financial services sector under seven broad categories in the Final Report.

Our team of specialists have published insights of what we see as the key implications for the financial services sector, together with summaries of both the Interim Report and Final Report.

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