ACCM 4600 Individual Research Assignment: Banking Royal Commission

This report provides an analysis of the Banking Royal Commission, examining its purpose, audience, and key decisions. The report discusses the commission's role in regulating the financial services sector, including banks, mortgage organizations, and superannuation funds. It highlights the key decisions made, the impact on financial institutions, and the importance of ethical conduct and governance. The report also explores the information considered in making these decisions, including misconduct by Australian companies and financial institutions. The report concludes by emphasizing the significance of the commission's recommendations for the banking and financial services industry. References are included to support the analysis.

Running head: BANKING ROYAL COMMISSION
BANKING ROYAL COMMISSION
Name of Student
Name of University
Author’s Note

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Executive Summary
The study states about the audience of the Banking royal Commission report. The report also
discusses about the purpose, the key audience, key decision which are made for the report. The
study also sees about the key deals with the decisional takeaways which can be stated as the
suitable conclusion for the report.

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Table of Contents
Introduction..........................................................................................................................4
Purpose of the Report..........................................................................................................4
Audience of the Report........................................................................................................5
Key Decision to be made.....................................................................................................5
Key Informational Decision related to Banking Royal Commissions Report.....................6
Keywords for Financial Decisions.......................................................................................7
Conclusion...........................................................................................................................7
References............................................................................................................................8

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Introduction
This report states information regarding the Banking Royal Commission which is being
stated by the government. The commission helps the government to intervene in banking rules
and regulations. It can also be observed that the changes in the old rules are also highlighted by
them. This report also states about the misconduct in the superannuation, financial and banking
service industry along with the impact for the same accounting firms. The report mainly deals
with the purpose of the commission, key audience of the commission, key decisions which are
taken after implementation of the commission and also the information taken for the decision
making.
Purpose of the Report
Banking Royal Commission is stated as the twelve month which are created for the
regulation of the equity process where the initial value is stated as a $75 million equity. This idea
is applied in the banking areas and also in the other financial service entity. Banking Royal;
Commission is stated as the regulator of the financial services, bank and also the super
annulation fund. As the equity does not have the authority to address the misconduct by itself, so
the process will help to maintain the purpose. Banking royal Commission has taken part in the
conjunction of Australian Prudential Regulation Authority (APRA) report to the Commonwealth
Bank (CBA) also stated that the financial services which have dulled the senses of the institution
(Beasley, 2019). As per the purpose is concerned Banking Royal Commission is concerned there
are three stages which helps to deliver the satisfactory outcomes. The purpose of having the
social license not only provide the long term value creation instead it opts for the long term value

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creation. Besides the long term value creation, engagement with the stakeholders is also very
important.
Audience of the Report
Banking Royal Commission (BRC) has issued the report for the purpose to observe over
the impact of the new rules and regulations which are related with the superannuation fund,
banks, mortgage and also the loans. The key audiences of the Banking royal Commission can be
stated as the banks, mortgage organizations, loan provider as well as the other larger firms. They
are considered as the key audience of the Banking Royal Commission because they are directly
related with the rules and regulations (Lohm and Davis 2015).
Key Decision to be made
Banking Riyal Commission has created almost 76 recommendations, 24 referrals and
1000 pages report. The main questions which can be stated as the matter of concern in the
management of the company whether the company falls under the exposed to similar entity. The
decision which is needs to be taken by the management of the company in accordance to the
culture, ethics and also the governance of the company. The management has clarified the fails
which are on the verge of the extension of the culture, governance and also the culture of the
company. The rules and regulations which are stated among the companies it can be stated that
the companies have already broke the rules and regulations which are stated by Banking Royal
Commission. As per the case study it can be stated that the rules and regulations of the company
can be seen that the rules and regulations which play an important role towards the culture,
benefits, supervisions and remuneration and also the financial risks which are associated with it.
The financial report of the company states about the challenges which are faced by the

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management of the company and also the board of the company are of good governance which
are important for the board challenges by having right kind of education for the management of
the company and also the directors of the company for performing the duties successfully. The
governance community learned the lessons which are of the Banking Royal Commission and
they try to implement the changes. The key decisions are the warnings which the banking Royal
Commission are not accepting for the status quo of the company. It is important for the company
to check the challenges need to be implemented and also accept the compliance which is hundred
percent which are correct and procedures which are related in accordance with the law (Newman
et al., 2016).
Key Informational Decision related to Banking Royal Commissions Report
The very purpose of the Banking Royal Commission report is to eradicate the misconduct
which are being performed by Australian companies and Australian financial institutions and
also the illegal activities which are being performed. It can be also being observed that are
related to the victims. It also being observed that Australian companies and the financial
institutions are indulge themselves in the bribery, forging of the documents and the fraudulency
which are included in the repeated failure which are made to the customers with the money
lending and also the misuse of the licensing technique (Braddon et al.,2018). As per the current
situation involves it can be stated that AMP has being admitted to the regulators and also the
commonwealth bank over the financial planners which are being included in the changing fees to
the clients which are considered as the dead. The key financial decisions which are being
included for the major Australian Banks which are like Commonwealth Banks, ANZ, Westpac
and others. These banks are being compromised in case of the shareholdings and also the other

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reports are being affected. This also includes the financial institutions. The focal point which are
related with the aspect. The laws are being included are provided below:
 Obey the law
 Not to mislead or deceive
 Fair Act
Keywords for Financial Decisions
The main keywords which are needed for the financial decisions are related to the topic
which includes the relevant data (Li, 2016). The relevant keywords are very much important for
the development of the topic. The content creation and the other relevant keywords which are
related with the Banking royal Commission are the important part for the relevance also adds
credibility to the process. It is also observed that the Banking Royal Commission
recommendation which have a greater impact on the business consideration ((MacQueen, 2014).
Conclusion
As per the above discussion it can be concluded that the Banking Royal Commission
which are being initiated for the new rules and regulations techniques which is basically focused
on the financial and banking institutions and also the superannuation fund as per the given
context. The purpose of the report are being identified which are towards rules and regulations
related with the bank. The key audience is being referred to the clients of the financial services of
the company, employers of the company, superannuation of the fund and also other financial
organization and institutes. This all are expected to have greater impact on the banking and the
financial services of the company.

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