Passers-by are reflected in the glass door of a National Australia Bank branch in Sydney in October 2010. A royal commission is looking into allegations that Australian banks have engaged in several malpractices, such as bribery, forged documents and denial of responsible lending obligations. Photo: AFP Passers-by are reflected in the glass door of a National Australia Bank branch in Sydney in October 2010. A royal commission is looking into allegations that Australian banks have engaged in several malpractices, such as bribery, forged documents and denial of responsible lending obligations. Photo: AFP
Passers-by are reflected in the glass door of a National Australia Bank branch in Sydney in October 2010. A royal commission is looking into allegations that Australian banks have engaged in several malpractices, such as bribery, forged documents and denial of responsible lending obligations. Photo: AFP
Richard Harris
Opinion

Opinion

The View by Richard Harris

As Australia and the UK show, banker-bashing is all well and good, but directors need to be brought to book

Richard Harris says inquiries in Australia and the UK reveal that bad behaviour by banks is rife, but the solution may be to hold senior management accountable rather than delegating to overzealous compliance departments

Passers-by are reflected in the glass door of a National Australia Bank branch in Sydney in October 2010. A royal commission is looking into allegations that Australian banks have engaged in several malpractices, such as bribery, forged documents and denial of responsible lending obligations. Photo: AFP Passers-by are reflected in the glass door of a National Australia Bank branch in Sydney in October 2010. A royal commission is looking into allegations that Australian banks have engaged in several malpractices, such as bribery, forged documents and denial of responsible lending obligations. Photo: AFP
Passers-by are reflected in the glass door of a National Australia Bank branch in Sydney in October 2010. A royal commission is looking into allegations that Australian banks have engaged in several malpractices, such as bribery, forged documents and denial of responsible lending obligations. Photo: AFP
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.