A thousand-page report was released in 2019 and became known as the Banking Royal Commission (BRC). The aftermath ended the careers of the chief executives and chairs of some of Australia’s top banks, including AMP, NAB and Westpac. A number of court battles against IOOF, NAB, the Commonwealth Bank, and
Australia’s banking system looks to restore Trust
5 min read
Australia was rocked by a banking scandal that resulted in a public and government inquiry and a Royal Commission in 2017. We look at what has happened since its release and whether it is making a difference.