BULAW5911 Case Study Report: Analysis of Royal Commission into Banking

This report provides an analysis of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, also known as the Hayne Royal Commission. The report examines the background of the commission, including the reasons for its establishment and the arguments against it. It further explores specific governance issues related to National Australia Bank (NAB), highlighting instances of misconduct and regulatory breaches. The report also discusses the responses of providers and banks to the commission's findings, emphasizing their commitment to compliance and improved conduct. Finally, it assesses the significant implications of the commission's final report on corporate governance policies within the Australian banking and financial sector, including changes in risk management, reporting, and customer-centric approaches. The report concludes by emphasizing the importance of adhering to the commission's guidelines to avoid misconduct and promote ethical practices.