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Ideology triumphs over evidence: Morrison government drops the ball on banking reform

By Kevin Davis, Emeritus Professor of Finance, University of Melbourne

Political pressure forced the federal government in 2017 – when Scott Morrison was treasurer – to call the royal commission into misconduct in the banking, superannuation and financial services sector.

Commissioner Kenneth Hayne delivered 76 recommendations to reform the industry in February 2019. Almost two years on, the government has yet to implement 44 of those and…

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