Could the Inquiry be a Royal Pain for the Big Four Banks?

After much time and debate, a royal commission into Australian Banks is set to start today. Turnbull maintains there is no need for a commission, yet has acquiesced to the political pressure. Government MPs have crafted questions aimed at putting pressure on the big four banks, yet Labor and the Greens believe it is merely a show that doesn’t go far enough. Is a royal commission needed, and should we bank on any change as a result? For more we were joined by Paul Mazzola, Lecturer at the University of Wollongong.

 

Producers: Evie Smyth and Lauren Coops 

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