Via The Guardian:
Australia’s big banks have launched a public mea culpa ahead of the release of the long-anticipated, likely scarifying, findings of the banking royal commission, acknowledging they have failed their customers, and arguing the Hayne report is a chance to reset the sector.
With institutions and their shareholders braced for a major shake-up when the final report and the Morrison government’s response is made public after financial markets close on Monday, the chief executive of the Australian Banking Association, Anna Bligh, said banks had “not lived up to the high standards Australians rightly expect of the industry”.
“While we don’t know the recommendations in the report, we do know this is an opportunity to reset the industry and to make things better for our customers,” Bligh said.
Like, for instance, trying to nobble the RC, previously from Evil Anna:
The documents, obtained by The Australian today, showed a list of issues raised by the ABA in the days after a royal commission was announced by the Turnbull government in November.
The letter shows Ms Bligh also she was “concerned” the royal commission did not include shadow banks and mortgage brokers.
Ms Bligh also “flagged preference for limiting (terms of reference) as to how far back (they) can go”.
Among many other examples.
It is not my habit to withhold absolution when the right confession is made but in Evil Anna’s case we can make an exception.
Her soul is doomed to an eternity in banking hell.
