Daily Bulletin
Saturday, July 12, 2025 8:10:10 PM

Men's Weekly

.

  • Written by The Conversation Contributor

The global scandal surrounding the release of the Panama papers and Malcolm Turnbull’s criticism of Australian banks have put the spotlight on the often murky world of banking and finance. Greens finance spokesman Peter Whish-Wilson, who had a pre-parliamentary career on Wall Street, tells Michelle Grattan one reason he walked away from the banking industry was because of its culture.

“You’re only as good as your last sale. I think the culture of any organisation starts at the top and the way they incentivise their employees – from the CEO down – is the root cause of the problem,” he says.

Whish-Wilson argues that a royal commission into the finance and banking sector is what is needed to deal with its pervasive cultural problems. He also says the Australian Securities and Investments Commission and the Australian Tax Office need greater powers to deal with the tax-avoiding behaviour revealed by the release of the Panama papers.

Authors: The Conversation Contributor

Read more http://theconversation.com/politics-podcast-peter-whish-wilson-on-the-need-for-a-royal-commission-into-banks-57426

Business News

What Is a Restaurant Point of Sale System and Why Every Eatery Needs One

The commercial dining industry is incredibly fast-paced and constantly needs upgrades to attract the target audience. Every entrepreneur in this sector, without exception, faces numerous challenges...

Daily Bulletin - avatar Daily Bulletin

VR Training in Australia – Virtual Reality Safety Training Companies

In today’s rapidly evolving workplaces, Australian organisations are turning to immersive learning tools like VR to handle specialised needs such as virtual reality safety training companies. Take ...

Daily Bulletin - avatar Daily Bulletin

How to Extend the Lifespan of Your Conveyor System

It’s easy to forget your conveyor is even there, until it stops. And when it does, you’re in a world of delayed orders, unexpected downtime, and one very expensive headache. But the good news is tha...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals