Quantcast
au iconAU

 

 

Do the BEAR banking reforms have bite if APRA believes it is not a corporate cop?

Ambrose Bierce's definition from "The Devil's Dictionary" may be more than 100 years old, but it seems an absolutely up-to-date reference for the cultural malaise and lack of accountability currently being uncovered in banking and financial services.

Do the BEAR banking reforms have bite if APRA believes it is not a corporate cop?
smsfadviser logo

A US civil war veteran and dyspeptic journalist, Mr Bierce would no doubt have been entertained by the incongruous idea of modern bank executives and their remuneration.

Read the full story at ABC Online.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox