Hayne's failure to tackle bank structure means that in a decade or so another treasurer will have to call another royal commission
- Written by: Andrew Linden, Sessional Lecturer, PhD (Management) Candidate, School of Management, RMIT University
Every 10 to 15 years it’s the same.
Ever since financial deregulation in the 1980s we’ve had a finance industry scandal followed by an inquiry, a quick fix, and a declaration that it shouldn’t happen again.
In the early 1990s there were royal commissions into the A$1.7 billion Tri-continental/ State Bank Victoria collapse, the...