Compare the behaviour and actions of the Australian banking and financial services sector to the USA banking and financial services organisations implicated with the Global financial crisis (2008). Do you think that a repeat of the Interim Royal Commission findings can be prevented in Australia if the warning of Mr Frydenberg [Treasurer] “the regulators must heed the message about better enforcement of existing laws” (Kehoe et al, 2018, p.1) is followed? Justify your stance by providing cases and discussing any relevant legislation/regulation and the
enforcement of legislation/regulation (or lack thereof) in those cases. (700 words) (35 marks)
This is an individual assignment. You are required to write a 2000 word research report based on
the recent Australian Royal Commission into the misconduct in the banking, superannuation and
financial services industry.
The royal commission’s interim report – volume 1:
The royal commission’s interim report – volume 2 case studies:
ASX corporate governance principles and recommendations:
Kehoe, Eyers, Turner, McInnes & Frost (2018) – full article:
The assignment report is to be submitted to the MAA250 Assessment 1 drop box, on the
You must keep a backup copy of every assessment you submit on CloudDeakin site, until the
marked assessment has been returned to you. In the unlikely event that your assignment is
misplaced, you will need to submit your backup copy.
Any work you submit may be checked by electronic or other means for the purposes of detecting
collusion and/or plagiarism.
Assessment submissions through your CloudDeakin unit site receive an email to your Deakin
email address confirming that it has been submitted. You should check that you can see your
assignment in the Submissions view of the Assignment drop box folder after upload, and check
for, and keep, the email receipt for the submission.
• The format of the assignment is to be in report format, sub-headings are encouraged, 12 font
calibre or times new roman styles are recommended and use of the Harvard style of referencing
is also required (please seek assistance from the librarian if required).
• For guidance regarding ‘report’ format please go to:
o Please include a title page, executive summary and table of contents in your report
o You do not need to include an introduction
o Sub-headings to indicate the start of each question is advisable in the body of the report
o A separate recommendations section is not required
MAA250 – Ethics and Financial Services
MAA250 Assessment 1 Page 4 of 7
o A minimum of eight (8) different references must be used and cited (including related
newspaper and media articles).
• Penalties for late submission: The following marking penalties will apply if you submit an
assessment task after the due date without an approved extension: 5% will be deducted from
available marks for each day up to five days, and work that is submitted more than five days after
the due date will not be marked. You will receive 0% for the task. ‘Day’ means working day for
paper submissions and calendar day for electronic submissions. The Unit Chair may refuse to
accept a late submission where it is unreasonable or impracticable to assess the task after the
• For more information about academic misconduct, special consideration, extensions, and
assessment feedback, please refer to the document ‘Your rights and responsibilities as a student
in this Unit’ in the first folder next to the Unit Guide of the Resources area in the CloudDeakin
• Building evidence of your experiences, skills and knowledge (Portfolio) – Building a portfolio that
evidences your skills, knowledge and experience will provide you with a valuable tool to help you
prepare for interviews and to showcase to potential employers. There are a number of tools that
you can use to build a portfolio. You are provided with cloud space through OneDrive, or through
the Portfolio tool in the Cloud Unit Site, but you can use any storage repository system that you
like. Remember that a Portfolio is YOUR tool. You should be able to store your assessment work,
reflections, achievements and artefacts in YOUR Portfolio. Once you have completed this
assessment piece, add it to your personal Portfolio to use and showcase your learning later, when
applying for jobs, or further studies. Curate your work by adding meaningful tags to your
artefacts that describe what the artefact represents.
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