3:56 7 all ¥ @)Essay Details and RequirementsThis assessment requires you to write an essay addressing the impact the Royal Commissioninto Misconduct in the Banking, Superannuation and Financial...

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3:56 7 all ¥ @) Essay Details and Requirements This assessment requires you to write an essay addressing the impact the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) has on the key participants in the financial system. Your selected company will be assigned by your class teacher and must be one of the following companies: Commonwealth Bank of Australia Westpac Banking Corporation National Australia Bank Australia and New Zealand Banking Group AMP Superannuation The Royal Commission was established on 14 December 2017 after the government of the day succumbed to the opposition and public pressure. While companies resisted calls for a Royal Commission into their business dealings, the findings from the Royal Commission not only exposed significant misconduct from these companies, but also revealed the lenient behaviour of regulators in dealing with such misconduct. Essay Question: Examine how the share price of your allocated company was affected by the Royal Commission and pick one of the following recommendations from the Royal Commission that you think is the most important for your company. Recommendation 1.2 — Best interests duty Recommendation 1.7 — Removal of point-of-sale exemption Recommendation 1.8 — Amending the Banking Code Recommendation 1.17 — BEAR product responsibility Recommendation 3.2 — No deducting advice fees from MySuper accounts Recommendation 3.3 — Limitations on deducting advice fees from choice accounts Resources required (helpful hints): i. The Royal Commission final report can be found here: https:/financialservices.royalcommission.gov.au/Pages/reports.aspx#final ii. Your essay should also include charts, tables or figures of your company’s share price, before and after the Royal Commission. Please make sure that these charts, tables or figures are fully interpreted and clearly linked to the argument. iii. This is an essay, therefore establish an argument with supporting evidence (examples) and convince the reader of your perspective. It is similar to telling a story. iv. Ensure the Appendices are inserted after the Reference List. FIM Individual Essay Guidelines 2021.3 2 8 j.westernsydneyinternational.edu.au C (h mM