Credit: afr.com
Australia is currently holding a Banking Royal Commission, which is relevant to corporate law due to the corporate structure of some of the entities being investigated and the relevance of the Australian corporate regulator. With that in mind, explain what the corporate structure of most Australian banks is. What is the relevance of the Australian corporate regulator? Is there a similar corporate structure and regulator for the Singapore banking system? How does banking in Singapore work and how is it relevant to corporate law? Critically discuss other Banking Royal Commissions/Banking Inquiries in the UK and US – if such countries have, indeed, had such systemic reviews.
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