Tag: financial services

Banking & Finance

Legal

Restoring trust in financial services

Over the course of several decades, Australia has experienced a slow and steady erosion of trust in the financial services sector – culminating in a Royal Commission, which commenced in December 2017. Despite the Royal Commission’s potential to reassure consumers that lenders are under the watchful eye of higher powers and therefore reinstate trust, many…

26 Jul 2018, by Amy Sarcevic

Banking & Finance

Legal

What does a bankrupt look like?

What does a bankrupt person look like? Is it a corporate highflyer who has recklessly thrown money into a high-risk, undiversified investment portfolio in an attempt to get rich quick, or perhaps, an aspiring entrepreneur who is shamelessly hiding assets from creditors? Contrary to existing stereotypes, statistics say that a bankrupt is most likely a…

6 Jul 2018, by Amy Sarcevic

Banking & Finance

Rebuilding trust in financial services at the AFR Banking and Wealth Summit 2018

Financial Services providers were scrutinized for their lending practices, remuneration models and misconduct handling procedures at the Australian Financial Review’s Banking & Wealth Summit this week. The Summit analysed a widening ‘trust deficit’ in the sector and explored how industry could resolve the issue to avoid more complex and intrusive regulation. Wayne Byres, Chairman of…

6 Apr 2018, by Amy Sarcevic

Leadership & Communication

Getting to know your inner-psychopath – why it’s hard to be good with money

Can we have too much of a good thing? When it comes to money, the answer in the Psychology community is increasingly ‘yes’. Psychologists have amassed considerable evidence for a causal link between money and self-interested behavior. Well-off people are statistically more likely to cheat in a game, less likely to help a passerby and,…

25 May 2017, by Amy Sarcevic

Leadership & Communication

The language of finance – is it skewing our moral compass?

The language used within the banking and finance sector - whether it be in a company's annual report or face-to-face during a business transaction - is becoming increasingly technical, abstract, and morally and ethically neutral. Terms like Collateralized Debt Obligation and Global Financial Crisis are more frequently referred to by their acronyms CDO and GFC,…

8 May 2017, by Amy Sarcevic