Regulation is not the only answer: Herbert Smith FreehillsBY LAURA MILLAN | WEDNESDAY, 12 AUG 2015 9:15AMThe word governance only appears nine times in the Wallace report, but 48 times in the Murray report, and many more times than that in the Cooper report. "Everything gets blamed on poor governance," Herbert Smith Freehills and university lecturer Scott Donald said. Related News |
Editor's Choice
WAM active strategy delivers 75.5%
|WAM Active (ASX: WAA), one of Wilson Asset Management's active listed investment companies, has recorded 75.5% in investment performance in the 12 months to 30 June 2026.
Entireti names former Perpetual chief as chair
|Entireti has named a former chief executive of Perpetual as chair of its board.
Super funds fail customer service test: SCA
|Superannuation funds are apathetic, dismissive and continue to fail members at the most basic service level, a new investigation from Super Consumers Australia (SCA) reveals, which slapped the industry with an overall failing grade on customer satisfaction.
KKR joins consortium to acquire ASX-listed Steadfast
|Global investment firm KKR has joined a consortium, including Amwins Group and Dragoneer Investment Group, as a co-lead investment partner to acquire ASX-listed general insurance broker Steadfast.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
This is why neither Liberal or Labor want a royal commission, because it would show the people of this country how they both took so much money away from the regulator that it simply became a lap dog for the big banks to play with and nobody gets scared of a little fluffy dog that just rolls over to get it's belly scratched.
Both governments continue to blame the advisor when they know full well the majority of those advisors were recruited by the big banks, shown large bonuses and left to their own devices to achieve them.
Apart from ramping up fees for the people doing the right thing nothing will change until a government is prepared to accept the problem and put money where it will make real changes.
Having said that, at the rate their spending on Helicopters and Bieber concerts there will be nothing left to finance any regulators.