Banks Royal Commission

The daily revelations arising from the Royal Commission into the banks and Finance Industries is a clear indicator of how necessary such a Royal commission was. The Shorten Labor Opposition pushed the govt into having a Royal Commission and they are to be commended for having done so. The Turnbull govt made the right decision in acquiescing but would have received greater kudos if it had not opposed a Royal Commission in the first place.Full article of the recent proceedings on the link at bottom of post.

'That's not really how it works': AMP's royal commission shambles
By Sarah Danckert

16 April 2018 — 7:00pm

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AMP has stumbled its way through a shambolic first examination at the banking royal commission after the wealth manager admitted senior staff ignored legal advice that the charging of customers for services they did not receive was unlawful.”

https://www.theage.com.au/business/...oyal-commission-shambles-20180416-p4z9yv.html