Financial services royal commission The Royal Commission into misconduct in the banking, superannuation and financial services industry recently issued its interim report and outlined the policy issues and questions arising from the sixth round of hearings in relation to insurance. The interim report raises specific issues arising from the first four rounds of hearings, including those addressing consumer lending and financial advice. It also poses a number of questions in relation to regulation and the regulators. These include: whether any changes to the law are necessary how APRA and ASIC should respond whether the regulatory architecture should change the proper...