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  • Alex Wok

Royal Commission on Banking



FACTS:

​A royal commission is the establishment of an investigative committee with special powers conveyed by legislation. These special powers include abilities to call & cross-examine witnesses, obtain evidence, rights of entry, phone-tapping while also providing protection to witnesses and inquiry members from legal action such as defamation.

issue:

Should Australia have

a Royal Commission into Banking?



sources:

  1. AFR, ''Heretic' flags break-up of Australia's big four banks'

  2. The Conversation, 'A history of failed reform: why Australia needs a banking royal commission'

  3. The Conversation, 'A history of failed reform: why Australia needs a banking royal commission'

  4. SMH, 'No bank execs fired 'an untenable situation': Bank inquiry chair'

  5. SMH, 'Looming bank profits require delicate handling'

  6. The Guardian, 'Six Commonwealth Bank ATM deals may be linked to terrorism funding, Austrac says'

  7. AFR, ''Heretic' flags break-up of Australia's big four banks'

  8. The Conversation, 'Why Australia does not need a royal commission into the banking industry'

  9. The Australian, 'Banking sector face new wave of reforms'

  10. The Atlantic, 'Trump Begins to Chip Away at Banking Regulations'; Rolling Stone, 'How Wall Street Killed Financial Reform'

  11. CNBC, '$5 Fees May Be Coming to an ATM Near You'

  12. The Australian, 'Four Pillars policy our shield against crisis'

  13. AFR, 'APRA to adopt 'phased' licensing for start-up banks'


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