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The Times

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...

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