Coalition balks at banking royal commission recommendations

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The Morrison Government is under scrutiny over its lack of action in implementing the recommendations of the Hayne banking royal commission.

Analysis shows that 27 of the inquiry’s recommendations have been fully implemented to date; another 44 are yet to be implemented, while the government has formally abandoned five of them.

The government had committed to all 78 recommendation when it received Hayne’s final report almost two years ago.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.