Hayne Royal Commission

The Hayne Royal Commission was an official investigation in Australia (2018-2019) into misconduct within the financial services industry, particularly concerning banks, insurers, and financial advisors. It aimed to uncover unethical practices, such as misleading clients, charging fees for no service, and prioritizing profits over customers' best interests. The commission sought to improve accountability, transparency, and customer protection. Its findings led to recommendations for regulatory reform, increased penalties for misconduct, and measures to restore public trust in the financial sector. Overall, it was a crucial effort to ensure financial institutions serve their customers ethically and responsibly.