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Hayne's failure to tackle bank structure means that in a decade or so another treasurer will have to call another royal commission

  • Written by: Andrew Linden, Sessional Lecturer, PhD (Management) Candidate, School of Management, RMIT University

Every 10 to 15 years it’s the same.

Ever since financial deregulation in the 1980s we’ve had a finance industry scandal followed by an inquiry, a quick fix, and a declaration that it shouldn’t happen again.

In the early 1990s there were royal commissions into the A$1.7 billion Tri-continental/ State Bank Victoria collapse, the...

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the real problem is how we value executives and workers

  • Written by: Kym Sheehan, Senior Lecturer in Law, University of Sydney
the real problem is how we value executives and workersIf you are valued more for ends than means, you'll cut corners with means.Shutterstock

Justice Hayne says in almost every case of appalling misconduct examined by his commission, what happened was “driven not only by the relevant entity’s pursuit of profit, but also by individuals’ pursuit of gain”.

He is fingering greed:...

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  1. a 10-point plan to fix the residential building industry
  2. We discovered a warped and twisted disc of young, massive stars at the edge of our Milky Way
  3. There's insufficient evidence your sunscreen harms coral reefs
  4. Tarpe Mills, 1940s comic writer, and her feisty superhero Miss Fury
  5. Murray-Darling report shows public authorities must take climate change risk seriously
  6. no commissions, no exemptions, no fees without permission. Hayne gets the government to do a U-turn
  7. Compensation scheme to follow Hayne’s indictment of financial sector
  8. Changes to commenting at The Conversation
  9. New study confirms what scientists already know: basic research is under-valued
  10. Research shows most online consumer contracts are incomprehensible, but still legally binding
  11. why do we need soap?
  12. The humble spade flower moonlights as the ‘love shrub’
  13. Online trolling used to be funny, but now the term refers to something far more sinister
  14. Want to improve your mood? It's time to ditch the junk food
  15. Why the federal government’s new integrity commission isn't up to the job
  16. When extreme weather wipes out wildlife, the fallout can last for years
  17. imagine you are in Canada
  18. Six questions our banks need to answer to regain trust
  19. Three changes in how we live could derail the dream of the 30-minute city
  20. The great movie scenes: Rome, Open City
  21. Bowen fires back in economy debate
  22. McGowan remains tight-lipped about refugee legislation despite removal of children
  23. Behrouz Boochani's literary prize cements his status as an Australian writer
  24. Tasmania’s gambling election shows Australia needs tougher rules on money in politics
  25. other brands are better at matching practice with talk, but don't get the publicity
  26. Head start for home owners makes a big difference for housing stress
  27. Damning royal commission report leaves no doubt that we all lose if the Murray-Darling Basin Plan fails
  28. Michelle Grattan on the march of the independents
  29. Cloning monkeys for research puts humans on a slippery ethical slope
  30. how to spot the work of a political spin doctor this election season
  31. how political spin doctors' tactics aim to shape the news
  32. Banks are enabling economic abuse. Here's how they could be stopping it
  33. Five ways to boost Australian writers’ earnings
  34. Migrant women are particularly vulnerable to technology-facilitated domestic abuse
  35. The presence of people is slowing shark recovery on the Great Barrier Reef
  36. Australia's spike in summer drownings: what the media misses
  37. Vital Signs. Yet another year of steady rates. What's the point of the RBA inflation target?
  38. What Labor has to fear is the Big Scare
  39. Why Australians are falling in love with American football, and what it means for local leagues
  40. can you spare a few minutes for The Conversation?
  41. Digitally tracking student behaviour in the classroom encourages compliance, not learning
  42. How we traced the underwater volcanic ancestry of Lord Howe Island
  43. Australia is counting on cooking the books to meet its climate targets
  44. How Australia's political ageism may be robbing us of our best leaders
  45. will I go blind if I shut my eyes and face the Sun?
  46. it's time to step up, free press needs allies
  47. Hakeem Al-Araibi's case is a test of world soccer's human rights credentials. Here's why
  48. Aboriginal voices are missing from the Murray-Darling Basin crisis
  49. History, not harm, dictates why some drugs are legal and others aren't
  50. Kathleen McArthur, the wildflower woman who took on Joh Bjelke-Petersen

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