The looming bank inquiry and the case for a Royal Commission. Malcolm Turnbull kicks of Australia’s parliamentary inquiry into the banks next week. It is unlikely to quell rising calls for a Royal Commission. The big four banks – ANZ, NAB, Commonwealth Bank and Westpac – control 90 per cent of the mortgage market and dominate the superannuation system.
The case for a banks Royal Commission
ABOUT THE AUTHOR
Michael West established michaelwest.com.au to focus on journalism of high public interest, particularly the rising power of corporations over democracy. Formerly a journalist and editor at Fairfax newspapers and a columnist at News Corp, West was appointed Adjunct Associate Professor at the University of Sydney’s School of Social and Political Sciences. You can follow Michael on Twitter @MichaelWestBiz.