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Geographers have long maintained that region and period are similar types of generalization. Yet, while geographers have closely examined the nature of regions and regionalization, historians have remained largely silent on the assumptions that underlie the division of time into periods. Reflection on the nature of period and region reveals many similarities, including their basis in the material world but also the subjectivity of their recognition, the selective nature of their content and boundaries, their tendency to emphasize differences rather than commonalities, and their limited scope as generalizations. The great number of feasible ways of dividing space into regions and time into periods opens the door for alternative narratives, including those which challenge conventional Eurocentric interpretations. In the final analysis, periodization and regionalization should be seen as part and parcel of the art of representation.

This article identifies corporate culture as a key contributor to the sort of egregious corporate misconduct identified in the current Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industries. The authors outline existing strategies for regulating culture in the banking and finance industry and consider the likely outcomes of the Banking Royal Commission. Taking the proposed Banking Executive Accountability Regime as a case study, the authors argue that the industry’s privacy, autonomy and competition concerns, forcefully argued in policymaking circles, may well stymie any proposals that may be put forward, no matter how bad the conduct revealed turns out to be.

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