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We'll wait an eternity for the banks to fix themselves. Here's what we can do now

  • Written by Paul Johnson, Warden, Forrest Research Foundation, University of Western Australia
We'll wait an eternity for the banks to fix themselves. Here's what we can do nowNAB Chairman Ken Henry says it might take NAB ten years to fix itself. There's no point in waiting.Shutterstock

Asked at the banking royal commission how long it might take to embed the right culture in the National Australia Bank, its chairman Ken Henry replied: ten years.

As head of the Commonwealth Treasury before he left to join the NAB board in...

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