ARTICLE TITLE: Banking royal commission: Avoiding risk will stifle growth, leaders warned.
Publication Name: Australian Financial Review
Author: Sally Patten
Article Summary: ICG’s Financial Services Practice Leader, David Maloney, features in a two-page spread in the wake of the Financial Services Royal Commission. David responds to questions on how the banks should continue to invest in their future amidst being swamped with compliance burdens.
“It has only really focused on the tail of detriment, what I call the ‘first regulatory era’. The second era being the enhances competition and transparency from open banking” – David Maloney