Karen Moley is worried:
It’s still early days, but if I were a senior bank executive or even a bank shareholder, I’d be feeling distinctly nervous about where the Hayne royal commission will end up on the crucial issue of how much responsibility home loan borrowers should shoulder when they’ve knowingly provided false information to their lenders.
Consider this exchange on Wednesday morning. Counsel assisting Rowena Orr, QC, was questioning a senior National Australia Bank executive about the bank’s “introducer” program.
