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Australia’s landmark banking inquiry: Tighter regulations, crackdown on ‘overinflated’ bankers’ salaries to come

A major shake-up of Australia’s massively profitable banking sector is on the cards as a landmark inquiry into abuses in the financial services industry releases its final report on Monday. Sweeping legislative and regulatory changes, a crackdown on the massive pay packets of bankers, and even criminal charges against senior executives could be among the recommendations issued by the royal commission. Major lenders – including the country’s “big four” banks, which are among the developed world’s most wealthy – have been under scrutiny in recent years, over allegations of dodgy…

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Singapore 

Aloysius Pang’s death: Independent committee of inquiry convened to investigate case, Singapore News

SINGAPORE – A Committee of Inquiry (COI), chaired for the first time by a State Court-nominated judge, was convened on Jan 25 to look into the circumstances leading to the death of Singapore actor Aloysius Pang while he was on reservist duty, the Defence Ministry (Mindef) announced on Wednesday (Jan 30). Defence Minister Ng Eng Hen will also deliver a ministerial statement addressing recent national service training deaths when Parliament next sits on Feb 11. Since June last year, Mindef has included serving or former judges as people eligible to…

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