Question:

a.Describe the economic climate relating to financial services industry.

(In your answer, think about the impact a stagnating economy has on the financial services industry. Refer to economic indicators such as economic growth, unemployment, inflation, consumer & business confidence and interest rates).

b.Explain the political climate in which the financial services sector is operating.

(In your response refer to the The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry). Refer to the following link: https://financialservices.royalcommission.gov.au/Pages/default.aspx

c.Outline 5 main recommendations of the Royal Commission.

d.Outline three (2) changes to organisational conduct which have(will) change as a result of the findings.

e.Identify 3 economic impacts on the financial system as a result of the findings ofThe Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

f.Identify three(3) political factors which have impacting on the economic climate of Financial Services.