Author: james Carter

Banks are certainly on the nose and rightly so, some of the examples of poor behaviour coming from the Hayne Royal Commission were simply damming. When the Royal Commission was announced, a Senior Banking Analyst from the one of the well-known research houses suggested… “I don’t consider the royal commission, or potential outcomes from the royal commission, will have any impact on the underlying fundamentals of the four major banks. And in particular, I don’t see the wide economic moats being diminished in any shape or form. I see the banks’ strong competitive advantages retained. I think it’s a good outcome for the major banks because most of the previous issues, allegations of misconduct have already been dealt with or are in the process of being dealt with. So, this announcement of royal commission is really more politics than good policy.”