Is Time Up For The Banks?

The spectre of a Royal Commission into the finance industry is again firmly on the radar and now something the industry should be prepared for. With a lack of cut through by a government facing questions over legitimacy of a number of its MP’s as well as ongoing internal intra-party destabilisation, there is a real possibility of Labor forming government at the next election. Further scandals involving banks are doing nothing to shore up their reputation or purge the notion that there are structural and cultural problems besetting their industry.