Opening address on the causes of misconduct & possible responses at the Royal Commission

[7.1] Senior Counsel Assisting Rowena Orr's opening address for the seventh round of public hearings at the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. (AUDIO ISSUES RESOLVE AFTER 1:05) This round focused on the causes of misconduct and conduct falling below community standards and expectations by financial services entities (including culture, governance, remuneration and risk management practices), and on possible responses, including regulatory reform. The hearings also considered the role of ASIC and APRA in supervising the actions of financial services entities, deterring misconduct by those entities, and taking action when misconduct may have occurred. Recorded on 19 November 2018 at the Lionel Bowen Building in Sydney. Transcript: https://bit.ly/2A4Gc6C This video was extracted from the Royal Commission’s webcast archive and republished here as permitted under its Creative Commons Attribution 4.0 International licence. The source file, containing the raw archived webcast of the entire day of hearings, was trimmed to only retain the testimony of the above witness(es) and remove any breaks and offline periods of the webcast. For testimonies held over multiple days, separate source files would have been combined to create one consolidated video. Video Source: https://bit.ly/2XBSBKh Copyright information: https://bit.ly/2K2JMl2 Creative Commons license information: https://bit.ly/1rMF155 Whilst permitted under its Creative Commons licence, the republication of this content on YouTube is not officially endorsed by the Royal Commission nor the Commonwealth of Australia. © Commonwealth of Australia 2018. #bankingRC