From perhaps the last journo standing at Domainfax:
Far from being a show trial, the eagerly anticipated parliamentary banking tribunal was called out as a “farce” by one of its participants.
…The questions leapt from credit card rates, mortgage trackers and bank bill swap rates to life insurance policy definitions, financial planning scandals, remuneration and then on to the future of financial advice and return on equity on different products. It was a dog’s breakfast.
CBA boss Ian Narev…said the bank had conducted an internal [Comminsure] investigation into allegations raised by former chief medical officer Dr Benjamin Koh and, while the investigation was not yet complete, all indications were that there was nothing to be seen.
No systemic issues, no evidence of medical files being tampered with or deleted or a culture steered towards delaying or denying claims of its life insurance customers. In other words, no need for a royal commission.
…The brutal reality was the hearing provided Narev with a perfect forum to frame the various scandals the way he wanted.
And they wonder why folks are turning to the fringe to vote.
