Opinion

Personal responsibility, not regulation, will fix rogue banks

By Simon Cowan
Updated May 29 2018 - 1:55pm, first published May 24 2018 - 11:56pm

A clear narrative is emerging from the Banking Royal Commission that the banking industry's only problem was that its unregulated 'wild west' culture allowed for misbehaviour. No blame should apparently fall on the supposedly poor, under-powered regulator: they valiantly toiled away on behalf of the consumer, but were thwarted at every turn by the government's miserly cuts.

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