The Hayne Royal Commission and financial sector misbehaviour: Lasting change or temporary fix?

Kevin Davis

The Economic and Labour Relations Review, 2019, vol. 30, issue 2, 200-221

Abstract: The Hayne Royal Commission into Australian financial sector misbehaviour reported in February 2019. It is, however, unlikely to provide a lasting solution to problems of financial sector misbehaviour. It has identified a number of types of misbehaviour, their ‘proximate causes’ and recommended solutions to those. But, reflecting its limited mandate and limited time, it was unable to investigate the complex question of whether there are more deep-seated, fundamental issues driving financial sector misconduct, both in Australia and globally. This article argues that there are, and that consequently the benefits from the Royal Commission will be relatively short-lived, with misconduct likely to resurface, albeit in different guises. JEL Codes: G20, G28, K40

Keywords: Financial regulation; financial sector misconduct; Royal Commission (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecolab:v:30:y:2019:i:2:p:200-221

DOI: 10.1177/1035304619847928

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