The Banking royal commission report has finally been released, so what happens now?

NEWS: With minimal parliamentary sitting days ahead of the election, the timeframe for implementing legal reform is tight.

The repeated and systemic nature of the misconduct and poor treatment of consumers have been revealed in the year-long banking royal commission. 

The recommendations in the final report have focused on ending the unsolicited sales of financial products, banning conflicted remuneration earned by intermediaries like mortgage brokers, and better enforcement of legal standards.

You can read the full version of this story in English on SBS News here.


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By Biwa Kwan, SBS Newsroom
Presented by Tanu Attajarusit
Source: SBS News, AAP

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