Have governments and regulators acted to lessen the likelihood and severity of a potential downturn in Australia across the banking/financial system, monetary policy, fiscal policy, taxation policy and competition policy?
The behaviour of AMP exposed by the Royal Commission shows that it had no fear of ASIC. Here’s how ASIC can change this.
If Australian politicians care about housing affordability and the quality of life of Australians, they will quit talking and start implementing these eight obvious and needed changes.
Australians have rightly applied the blowtorch to their politicians for housing being increasing unaffordable. The Federal Treasurer, Scott Morrison, has now turned the blowtorch onto financial regulators for their part in the problem. This article details what the regulators should have started doing years ago to fulfil their respective roles in creating a stable financial system.