The problem with Australia's banks is one of too much law and too little enforcement
Financial services royal commissioner Kenneth Hayne is arguing for less and clearer law, and tougher corporate cops.
Banking royal commission: dodgy financial dealings expose greed and moral vacuum
The banking royal commission has humiliated the banks, exposed dodgy financial dealings and shown the sector lacks a 'clear sense of moral purpose'.
Will the banking royal commission achieve anything?
Concerns raised that the areas to be investigated may prove too vague to be of practical use.