Australian giants’ ESG failures to trigger industry changes

As the scope of Australia’s royal commission investigating the banking sector expands into other areas of financial services, local industry players agree the revelations around 'fees for no service' will result in a much-changed industry once the commission’s report is published next year. The internal investigations have already begun; some bank senior executives have lost their jobs without pay-off and bonuses have been cut. AMP chairman Catherine Brenner's resignation was anno…