Australia’s proposed Banking Executive Accountability Regime: regulatory panopticon or fail-safe?

Michael Adams, Grace Borsellino, James McCalman, Angus Young

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    Abstract

    When looking at banking regulation, disclosure, or standard form contracts, it is clear the self-regulatory system in Australia has failed. Under the BEAR proposed regime, Australia's bank executives would be required to take responsibility for their corporate culture. It is difficult to determine if the proposed BEAR would curb conduct risk of banks and bank executives as it is still too early to point to evidence from other jurisdictions.
    Original languageEnglish
    Pages (from-to)528-531
    JournalGovernance Directions
    VolumeOctober
    Issue number9
    Publication statusPublished - 5 Oct 2017

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