We discuss the recommendations of the Royal Commission into Banking and its admirable restraint in avoiding the temptation to call for more regulation: the 2,300 page U.S. Dodd-Frank Act and its progeny have amply demonstrated the perils of that approach. We identify elements of the banking and advisory market that pose challenges in implementing the positive changes called for in the Commission’s Report, and potential solutions. We offer three favoured candidates for overcoming anticipated resistance to implementation: learning from the technology giants; creating a meaningful enforcement program; and building a regulatory measurement system that enables a broader spectrum of clients to better assess and compare providers’ performance.

中文翻译：

---

海恩报告——澳大利亚的一大飞跃

我们讨论了皇家银行业委员会的建议及其在避免要求更多监管的诱惑方面令人钦佩的克制：2,300 页的美国多德-弗兰克法案及其后代充分证明了这种方法的危险。我们确定了银行业和咨询市场中在实施委员会报告中所要求的积极变革方面构成挑战的要素，以及潜在的解决方案。我们提供了三个受欢迎的候选人来克服预期的实施阻力：向技术巨头学习；制定有意义的执法计划；并建立一个监管衡量系统，使更广泛的客户能够更好地评估和比较提供商的绩效。