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Political Implications of the Banking Royal Commission Findings

You’ve probably heard by now how the final report on the banking royal commission, which was released on Monday, unearthed a large scale of malpractice that have hurt customers.

This can’t be good news for not only banks but also the government – and, with a federal election just months away, what are the political implications of these findings?

To find out, Tess was joined by Dr Stewart Jackson, lecturer in Government and International Relations, specialising in Australian Politics, at the University of Sydney. He says the fact that the Liberal Party rejected the idea of a banking royal commission 26 times before going ahead with it might affect how voters cast their ballot but, “whether it has a lasting impact, we’ll have to see in terms of the kind of recommendations or high changes the government finally puts through parliament”.

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