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The problem with Australia's banks is one of too much law and too little enforcement

  • Written by Deborah Ralston, Professor of Finance, Monash University
The problem with Australia's banks is one of too much law and too little enforcementbank cards

Prime Minister Scott Morrison and Treasurer Josh Frydenberg moved very quickly to deliver the interim report of the Royal Commission into Financial Services to the public. It was submitted to the Governor General, tabled in parliament (out of session), and made public on the same afternoon – Friday September 28.

The three-volume...

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