The banks, the Government and the half-trillion-dollar super grab – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

The four big banks

Just when they appeared on the cusp of victory, the major banks and AMP have had their ambitions to grab control of a lucrative section of the superannuation industry crushed.

After just two fortnight-long public sessions, Commissioner Kenneth Hayne and his ruthlessly efficient senior counsel Rowena Orr have unearthed widespread corruption, lax regulatory oversight and even potential criminal behaviour at the most senior levels of our financial institutions.

via The banks, the Government and the half-trillion-dollar super grab – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

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