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The Royal Commission Hub



We will keep you up-to-date as the impact of the final report into Australia's Financial Services Industry unfolds.


The final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released by the Government on Monday 4 February.

Our recently published in-depth analysis considers the recommendations with a focus on the consequences for industry and suggestions as to what you should do next.

Our Royal Commission Hub will keep you informed and up-to-date as the implementation of the final report progresses. Here you can access related content, useful resources and keep in touch with our dedicated Financial Services Regulation Team.

We are happy to assist you in considering the final report and how it impacts to your business further. Please contact your usual KWM contact or Jim Boynton at [email protected] if you would like to discuss the report further.

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    In-depth Analysis

    Here our experts share deeper guidance on the recommendations outlined in the report and what you should be considering now.

    Key Recommendations

    Here our experts have put together key observations and recommendations for law reform.

    Meet our Financial Services Regulation team

    If you need further guidance on the outcomes of the Royal Commission, our team of experts are here to help.

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    Where to from here?


    There are a number of actions which you can take now. Our analysis is designed to help you navigate industry-wide issues as well as specific topics. 

    Click on the topics below of most interest and relevance to you.

    Remuneration

    Remuneration

    Insurance & D&O


    Directors and Officers Insurance

    Regulatory Engagement

    Role of regulators

    Consumer & Small Business Lending

    Consumer and Small Business lending

    Financial Advisers & Brokers

    Financial Advisers and Brokers

    Governance, Conduct, Culture & Trust

    Conduct and Culture Accountability Trust

    Class Actions & Remediation

    Class Actions and Remediation

    Superannuation & Life Insurance

    Superannuation and Life Insurance

    Useful resources

    The Hayne Final Report

    The final report of the Royal Commission into misconduct within Australia's Financial Services Industry was released on 4 February 2019.

    'A few surprises' for the law

    The Australian Financial Review published this article by Michael Pelly on 5 February 2019.

    Royal Commission Interim Report

    The interim report of the Royal Commission into misconduct within Australia's Financial Services Industry was released on 28 September 2018.

    Restoring trust in Australia’s financial system

    The Government response to the final report into Australia's Financial Services Industry released on 4 February 2019.

    Press Conference with the Hon Josh Frydenberg MP

    Listen to the Treasurer's press conference on the final report into Australia's Financial Services Industry on 4 February 2019.

    Royal Commission Action Plan

    Our experts have put together a quick guide to help you navigate what to do next.


    Royal Commission fallout: The big 5 issues

    Based on the interim report, released in September 2018, we predicted the big issues to come out of the Royal Commission fallout.

    Regulator

    Royal Commission update after the interim report and final round of hearings

    In November 2018, the Financial Services Royal Commission held its seventh and final round of public hearings.

    Banking Royal Commission – What do I do now?

    The Financial Services Royal Commission interim report was released on 28 September 2018. Our experts provide their summary.

    Update on financial services Royal Commission

    Our experts provide an update following the fifth round and sixth round of hearings, on superannuation and general and life insurance, in September.

    Proposed changes to the ASX Corporate Governance Principles

    We outlined submissions on the ASX Corporate Governance Principles released in November 2018.

    Financial Institutions: Regulator

    Are Australian boards being set up for failure?

    In September 2018, our experts commented that public company director expectations are completely out of hand, and that boards are set up for failure.

    Hard times ahead for D&O insurance

    In September 2018, the market for directors and officers liability insurance policies had begun to harden with insurers now inserting “royal commission exclusion” into policies.

    Update on ASIC activities

    Our experts discuss ASIC enforcement outcomes and its implications from January to June 2018. ASIC reported that it had taken 11 criminal actions against directors for “corporate governance misconduct”.