Round 7 hearings

The seventh round of public hearings were held in Sydney at the Lionel Bowen Building, 97-99 Goulburn Street, from 
Monday 19 November to Friday 23 November, and in Melbourne at the Commonwealth Law Courts Building, 305 William Street, from Monday 26 November to Friday 30 November.

The following entities were heard in Melbourne from 26 - 30 November 2018 (in order):

  • National Australia Bank
  • AMP Limited
  • Australia and New Zealand Banking Group Limited
  • Bendigo and Adelaide Bank Limited
  • Australian Prudential Regulation Authority

The following entities were heard in Sydney from 19 - 23 November 2018 (in order):

  • Commonwealth Bank of Australia
  • Westpac Banking Corporation
  • Macquarie Group Limited
  • Australian Securities and Investments Commission

The seventh round of public hearings focussed on 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.

The Commission heard from the entities below during Round 7:

  • AMP Limited
  • Australia and New Zealand Banking Group Limited
  • Australian Prudential Regulation Authority
  • Australian Securities and Investments Commission
  • Bendigo and Adelaide Bank Limited
  • Commonwealth Bank of Australia
  • Macquarie Group Limited
  • National Australia Bank Limited
  • Westpac Banking Corporation.