Keywords: Financial Services Royal Commission
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ECONOMICS
- Binoy Kampmark
- 13 September 2018
2 Comments
It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.
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AUSTRALIA
- Andrew Hamilton
- 15 August 2018
7 Comments
If trustees don't understand the meaning of trustworthiness, all the penalties in the world won't encourage them to act in a trustworthy manner. What is needed is conversion — the recognition that the good of each individual depends on their seeking the common good, and the determination to ensure that this vision permeates corporations.
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ECONOMICS
- David James
- 14 August 2018
6 Comments
Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.
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RELIGION
- Frank Brennan
- 16 July 2018
3 Comments
'Kristina Keneally was unapologetic in putting the place of women in our church front and centre. And so we should.' Tropical and Topical, 2018 National Catholic Principals' Conference, Cairns Convention Centre, 16 July 2018.
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AUSTRALIA
Pinning all the blame for poor behaviour on deliberate individual choice is a fundamental attribution error. We need to rise above the salacious gossip and the spectacle of corporate beheadings to understand what drives behaviour in powerful people, take a more reasoned approach and achieve sustainable change.
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RELIGION
- Andrew Hamilton
- 30 May 2018
15 Comments
As the royal commission prepared to resume its hearings into financial services the Vatican released Oeconomicae et pecuniariae quaestiones, on the ethics of markets. Although written quite independently, passages of the document could have been mistaken for factual reporting of the royal commission.
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RELIGION
- John Warhurst
- 22 May 2018
33 Comments
General apologies don't go far enough. Compensation is necessary, but also not enough. The reputation of the church would now be higher if there were more obvious signals of accountability by those in charge. The offer of resignation made as a group to Pope Francis by the entire Chilean hierarchy is a breath of fresh air.
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RELIGION
- Andrew Hamilton
- 02 May 2018
31 Comments
The banking royal commission has already come to resemble the earlier child abuse royal commission. To observers who share a personal and public-spirited interest in the decent functioning of institutions, the similarities invite reflection on why two apparently different forms of institution should behave in such similar ways.
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AUSTRALIA
- Brendan Byrne
- 01 May 2018
10 Comments
While it is a matter of public record the Turnbull government blocked attempts to establish a royal commission into the financial services sector on multiple occasions, the question as to why, especially when it expeditiously facilitated a similar inquiry into corruption within the union movement, is of more than academic interest.
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RELIGION
- Frank Brennan
- 31 January 2018
'The place of religious and comprehensive world views in legislating, ethical decision making, and good medical practice informed by prudential resource allocation' — Remarks by Fr Frank Brennan to first year medical students at the University of Notre Dame Australia, 30 January 2018.
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AUSTRALIA
- Frank Brennan
- 31 May 2017
6 Comments
Indigenous leaders this last week have called for the creation of two new legal entities. They want a First Nations Voice enshrined in the Constitution, and a Makarrata Commission set up by legislation. The Makarrata Commission would supervise agreement making between governments and First Nations and engage in truth telling about history. The envisaged destination is a national Makarrata (or treaty). So the immediate constitutional issue is the creation of the First Nations Voice. There is no point in proceeding with a referendum on a question which fails to win the approval of Indigenous Australia. Neither is there any point in proceeding with a referendum which is unlikely to win the approval of the voting public.
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RELIGION
- Frank Brennan
- 08 May 2017
1 Comment
Our Church is presently a strained, outdated social institution with an exclusively male hierarchy and clergy. But it is also the privileged locus for us to be called to the banquet of the Lord sharing theology and sacrament which have sustained the hearts and minds of similar pilgrims for two millennia. Thank God for Pope Francis who is showing us the way, helping us to find meaning in our changing and chaotic world, putting a fresh spring in the step of all those Catholics holding in tension the prophetic and the practical, the theological and the humanist, the tradition and the contemporary reality.
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